24 Jan '14, 12pm

Wells Fargo and JPMorgan take contrasting stance on bitcoin

Wells Fargo and JPMorgan take contrasting stance on bitcoin 22 hours ago | 1997 views | 1 Wells Fargo and JPMorgan have highlighted the contrasting views in US banking circles over the future viability of bitcoin, with the former willing to engage and the latter airily dismissing the digital currency as a passing fad. Following a private summit on the digital currency at its HQ last week, Wells Fargo is stepping up its exploration of the potential of bitcoin by hosting an open discussion in New York at the end of the month. Entitled 'Virtual Currency: Viability, Compliance and Direction', the 28 January event will take place at the offices of venture capitalist firm Union Square Ventures. Moderated by Jim Richards, Wells Fargo's head of financial crime risk management, the meeting will feature five 15-minute presentations from representatives of law firm Buckley Sandler, U...

Full article: http://www.finextra.com/news/fullstory.aspx?newsitemid=25652

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