Published On: Thu, May 17th, 2018

It’s Official: JPMorgan’s CIB Is Now Working on Its Own ‘Crypto Strategy’

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JPMorgan’s evolution of sentiment regarding cryptocurrencies has been an interesting one, to say the least. After the banking powerhouse’s CEO Jamie Dimon said he’d fire any employee who traded bitcoin last year, the institution’s just tapped young in-house fintech exec Oliver Harris to develop JPMorgan’s crypto strategy going forward. 
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Formerly the leader of JPMorgan’s Fintech and In-Residence initiative, the 29-year-old Oliver Harris will now be the architect of cryptocurrency strategies for the institution’s Corporate & Investment Bank (CIB).
Harris is reportedly tasked with identifying how that arm of JPMorgan could best implement the use of crypto in its banking activities, with his new immediate boss being Umar Farooq — blockchain initiative director at CIB. Moreover, Harris will be tasked with managing development around JPMorgan’s native Quorum blockchain.
Harris pictured.
The move is certainly a far cry from the idea of dealing in cryptocurrencies …

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