More US finance giants tiptoe into cryptoassets

Published by
AFP

New York (AFP) – Investing in bitcoin and other digital currencies remains a risky game where the rules could change significantly, but the payoff could be big.  In response to this dilemma, several leading US financial heavyweights are staying on the sidelines, while an increasing number are proceeding cautiously into the growing world of cryptoassets. “My own personal advice to people: Stay away from it,” JPMorgan Chase Chief Executive Jamie Dimon said recently, before adding, “That does not mean the clients don’t want it.” JPMorgan, the biggest US bank by assets, is currently assessing how …

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