JP Morgan Chase has appointed a new Director of Digital Assets Regulatory Policy. Aaron Io-Vine, former Celsius Executive, joins the bank as it establishes a crypto department. Jamie Dimon, CEO of JPMorgan Chase, has repeatedly blasted cryptocurrencies as fraud and decentralized Ponzi schemes.
Despite this criticism, JPMorgan Chase is exploring digital assets and their underlying blockchain technology. Budd White, Chief Product Officer & Co-Founder at Tacen, believes banks like JPMorgan Chase should be trusted to do so. He joins us to discuss this issue in further detail.