Reuters: U.S. Major Banks Cautiously Tiptoe into the Cryptocurrency Space, Still Awaiting Clear Regulatory Signals

BlockBeats News, May 29th, according to Reuters, large U.S. banks are having internal discussions about expanding their cryptocurrency business, but they will initially take a cautious approach. Insiders revealed that JPMorgan Chase CEO Jamie Dimon, while maintaining a critical stance on cryptocurrency, has stated that customers will be allowed to make purchases; Bank of America is considering issuing a stablecoin; Morgan Stanley is exploring adding cryptocurrency to its electronic trading platform. Industry executives pointed out that banks are looking forward to clearer anti-money laundering regulatory guidance, and most institutions plan to enter the custody business through partnerships with existing cryptocurrency companies. The recent policy shift by the Trump administration has paved the way for banks to participate in cryptocurrency custody, stablecoins, and other activities, but bank regulatory agencies have not yet joined the task force led by newly appointed crypto czar David Sacks.