NEW YORK (Reuters) -Big U.S. banks are holding internal discussions about expanding into cryptocurrencies as they get stronger endorsements from regulators, but initial steps will be tentative, centering on pilot programs, partnerships or limited crypto trading, according to four industry executives. Jamie Dimon, CEO of the largest U.S. bank, JPMorgan Chase, ruled out getting into custody – storing crypto assets for clients – or expanding significantly even if regulations ease. “When I look at the bitcoin universe, the leverage in the system, the misuse in the system, the money laundering issues, trafficking, I’m not a fan of it,” Dimon, a longtime crypto skeptic, told investors last week.
Read more at Nupur Anand