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Key Points
- JPMorgan CEO Jamie Dimon said clients of the bank can now buy bitcoin, but he reiterated his long-held skepticism about cryptocurrencies.
- The move puts JPMorgan alongside other major banks such as Morgan Stanley, which already allows its financial advisors to pitch clients on some bitcoin ETFs for eligible clients.
- While JPMorgan will offer bitcoin access, U.S. banks remain constrained by Federal Reserve rules restricting direct involvement with crypto firms.s
submitted by /u/CriticalCobraz
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