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BlockScout

Jamie Dimon Says JPMorgan Will Allow Clients to Buy Bitcoin, But Firm Will Not Custody It

JPMorgan Chase CEO Jamie Dimon has announced that the banking giant will allow its clients to buy Bitcoin, representing a significant shift in the firm’s approach to cryptocurrency services. Speaking at the recent Financial Times Global Banking Summit, Dimon confirmed that the bank will facilitate Bitcoin transactions for interested clients but emphasized that JPMorgan will not directly custody the digital assets. This strategic approach allows the financial institution to meet growing client demand for cryptocurrency exposure while limiting its direct involvement with the volatile asset class.

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ripple
Crypto RegulationsDaily newsHot Topic
BlockScout

Ripple Forges Strategic Partnership with UAE: Digital Payment Infrastructure in the Middle East

In a significant development for the cryptocurrency and blockchain industry, Ripple has held strategic discussions with United Arab Emirates (UAE) officials to explore digital payment infrastructure and accelerate financial innovation in the region. The talks, which took place during the prestigious Dubai Fintech Summit in May 2025, signal Ripple’s continued expansion in the Middle East and highlight the UAE’s commitment to becoming a global hub for digital finance.

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blackrock
Crypto RegulationsDaily newsHot Topic
BlockScout

BlackRock Files to Allow In-Kind Redemptions for Its Ethereum Trust, Enabling Direct ETH Buybacks

BlackRock, the world’s largest asset manager with over $11.5 trillion in assets under management, has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) on May 9, 2025, proposing the inclusion of in-kind creation and redemption for its iShares Ethereum Trust ETF (ETHA). This significant development would enable direct purchases of ETH from the market, marking a critical evolution in institutional crypto investment vehicles.

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UAE Financial Giants to Launch Central Bank-Regulated Dirham Stablecoin
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BlockScout

UAE Financial Giants to Launch Central Bank-Regulated Dirham Stablecoin

In a significant move for the UAE’s digital finance landscape, Abu Dhabi’s ADQ, International Holding Company (IHC), and First Abu Dhabi Bank have announced plans to launch a UAE dirham-backed stablecoin. This digital currency will operate under the complete regulatory oversight of the UAE Central Bank, establishing new benchmarks for trust and compliance in the nation’s financial sector.

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