TechFlow news, August 1 — According to CNBC, Jamie Dimon, Chairman and CEO of JPMorgan Chase, expressed belief in the potential of stablecoins and blockchain technology during a recent interview, while remaining skeptical about Bitcoin. He emphasized that stablecoins are similar to mutual funds and require clear regulatory frameworks, including rules on anti-money laundering, the Bank Secrecy Act, and know-your-customer (KYC) requirements.
Previously, JPMorgan Chase partnered with cryptocurrency exchange Coinbase, allowing Chase bank customers to use credit cards to fund their Coinbase accounts.
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