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JPMorgan Chase CEO Jamie Dimon said the bank will soon allow clients to buy Bitcoin (BTC),  a striking shift for a bank whose chief once called the cryptocurrency ‘’worthless.’’ The decision comes despite Dimon’s repeated attacks on Bitcoin over the years, including calling it a “scam,” a “pet rock,” and something he’d “shut down” if he were the government. Dimon maintained that crypto is used for illicit activities, including sex trafficking and money laundering, but indicated that the U-turn is more about giving clients what they want. “We are going to allow you to buy it,” Dimon said , while speaking at an annual investor day on May 19. “I don’t think you should smoke, but I defend your right to smoke. I defend your right to buy Bitcoin.” Dimon said the bank won’t custody Bitcoin but will include it on client statements. Dimon’s Stance On Bitcoin Unchanged JP...

Russia is set to seize $440 million from the largest United States bank, JPMorgan . Specifically, a Russia n court ordered the seizure after a lawsuit from lender VTB. The lawsuit was filed in order to recover losses connected to the US-based bank. The court has reportedly ordered the complete seizure of all funds that JPMorgan holds in the country. However, they will not seek the confiscation of securities or property. Moreover, Moscow’s decision took place after the US Senate passed legislation sending seized Russian assets to Ukraine as part of its $95 million security assistance package. JUST IN: Russia to seize $440 million from JPMorgan. — Watcher.Guru (@WatcherGuru) April 24, 2024 Also Read: BRICS: JP Morgan Issues Major US Financial Warning Russian Court to Seize $440 Million From JPMorgan Since the invasion of Ukraine first took place in early 2022, the United States and Russia have been firmly in opposition. The situation led to sanctions b...