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JPMorgan: Global Regulation Urgently Needed for Banks to Help Clients Invest in Crypto

JPMorgan: Global Regulatory Framework Urgently Needed for Banks to Help Clients Invest in Crypto

A globally consistent crypto regulatory framework is urgently needed to allow banks to handle crypto assets on behalf of large customers, said a JPMorgan executive. “We need a globally consistent regulatory framework. It’s important that we get to a solution as quickly as possible.”

Global Regulatory Framework Urgently Needed to Allow Banks to Offer crypto Exposure to Clients, Says JPMorgan

Debbie Toennies, managing director and head of Regulatory Affairs at global investment bank JPMorgan Chase & Co., talked about global cryptocurrency regulation applicable to banks Tuesday at an event held by the International Swaps and Derivatives Association.

The JPMorgan executive said that new rules are urgently needed to give banks certainty in handling crypto assets on behalf of large customers who seek exposure in this asset class.

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