One of many world’s main monetary providers companies has met with the U.S. Securities and Trade Fee’s (SEC) Crypto Job Pressure to debate the rules of digital belongings.
In accordance with a current memo, three members of JPMorgan Chase met with the regulator to speak about shifting current conventional capital markets on-chain and the banking big’s enterprise footprint within the crypto business.
Says the memo.
“On June 17, Crypto Job Pressure Workers met with representatives from JPMorgan Chase. The subject mentioned was approaches to addressing points associated to regulation of crypto belongings…
Agenda:
- Overview of current enterprise footprint, together with Repo on current JPMC platforms of Digital Financing and Digital Debt Providers. Extra dialogue on the potential aggressive angle as markets evolve.
- Space of study reviewing the potential affect of current capital markets exercise migrating to public blockchain. Particularly what areas of the present mannequin may change, and the way companies may assess the chance and advantages of these adjustments.
- Future engagement with the Job Pressure.”
Earlier this week, JPMorgan Chase filed for a trademark to launch JMPD, its very personal crypto service supplier and deposit token. Within the submitting, the financial institution mentioned it could present buying and selling, alternate, switch, and fee processing providers for digital belongings in addition to subject them.
Walmart, Amazon, and different company giants are additionally reportedly contemplating beginning their very own stablecoins as a method of streamlining funds and avoiding credit score charges.
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