Oct. 19 (Reuters) – Former Celsius executive Aaron Iovine has joined JPMorgan Chase & Co. as executive director of digital asset regulatory policy. Days after the bank’s CEO Jamie Dimon accused cryptocurrencies of being a fraud and a decentralized Ponzi scheme, according to his LinkedIn profile.
Iovine was the head of policy and regulatory affairs at bankrupt crypto lender Celsius, but retired in September after eight months.
Celsius filed for bankruptcy in July after tightening monetary policy crushed risky assets, including bitcoin. The crypto market was also weighed down by the collapse of major tokens TerraUSD and Luna in May.
A JP Morgan spokeswoman confirmed the hiring but did not provide further details.
Dimon has been a vocal critic of cryptocurrencies. At last week’s International Finance Association conference, he reiterated his criticism of digital assets, saying crypto tokens have no value.read more
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Reported by Niket Nishant, Bangalore. Edited by Shailesh Kuber
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