JP Morgan Chase, one of the most famous American banks, started working in the field of cryptocurrency after issuing JPM Coin. Jamie Dimon CEO of JP Morgan Chase has named Bitcoin a “fraud” in September 2017; however, he changed his mind after a while, to the extent that he introduced cryptocurrencies a risk for a business of the banks under his management. In reaction to this turnabout, Alan Silbert, an old timer bank CEO, said in a tweet: “Backpedaling is the first step in the program towards walking the path.”
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