Same company that once said it would fire people for buying BTC…
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tldr; JPMorgan, the largest U.S. bank, plans to allow its trading and wealth-management clients to use Bitcoin ETFs, such as BlackRock’s iShares Bitcoin Trust, as loan collateral. This move reflects growing institutional acceptance of cryptocurrencies despite CEO Jamie Dimon’s skepticism. The bank will treat crypto holdings like real estate or vehicles when assessing clients‘ net worth and liquidity. This development aligns with recent regulatory shifts in the U.S. easing restrictions on banks‘ involvement in crypto activities.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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Same company that once said it would fire people for buying BTC…
tldr; JPMorgan, the largest U.S. bank, plans to allow its trading and wealth-management clients to use Bitcoin ETFs, such as BlackRock’s iShares Bitcoin Trust, as loan collateral. This move reflects growing institutional acceptance of cryptocurrencies despite CEO Jamie Dimon’s skepticism. The bank will treat crypto holdings like real estate or vehicles when assessing clients‘ net worth and liquidity. This development aligns with recent regulatory shifts in the U.S. easing restrictions on banks‘ involvement in crypto activities.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.