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JP Morgan which has softened his stance after calling crypto a fraud late last year is now coming on the flip side with full preparation to rather root for the cryptocurrencies. This is after the bank launched a crypto asset strategy unit and appointed its i-house fintech program head as the new Head of Crypto Asset Strategy.
The bank has 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.
London-based Harris, who is all of 29, has been leading JPMorgan’s Fintech and In-Residence program since 2015, moves at a time when large US investment banks are exploring the risks and rewards of digital monies and the distributed ledger or blockchain technologies that underpin them.
In addition, Ha...
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