JPMorgan chief executive Jamie Dimon might have softened his stance on bitcoin since calling it a “fraud” last year, but the banking giant has given its clearest signal yet that it is taking cryptocurrencies seriously. The US bank has just moved Oliver Harris, the head of an in-house scheme to develop new financial technologies, into a role looking at the use of cryptocurrencies across its corporate and investment bank, according to people familiar with the matter. ...
US bank JPMorgan is exploring the cryptocurrency space, less than nine months after CEO Jamie Dimon dismissed it as a "fraud". The company recently appointed Oliver Harris to examine the use of digital currencies across its corporate and investment operations. Bitcoin has been around for about two years but was only officially recognised by banks in 2013.