This would be a major shift in the large bank's view on cryptocurrencies. The CEO Jamie Dimon branded the largest cryptocurrency bitcoin as "a scam" eight years ago that would be exposed over time and added that the cryptocurrency only benefited criminals.
Dimon also said that he would fire employees who traded in cryptocurrencies - but he has softened his statements on the issue in recent times.
I do not think you should smoke, but I defend your right to smoke. And I defend your right to buy bitcoin. Do as you want, he said in May according to Financial Times.
JP Morgan does not want to comment on the newspaper's information that the bank will soon accept crypto assets as collateral.
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