Although the CEO of JP Morgan calls cryptocurrencies a decentralized Ponzi scheme, the bank has just recruited the former head of regulatory affairs at Celsius Network. The analysis of the group’s job offers also shows that appearances should not always be trusted.
JP Morgan recruits at Celsius Network
While Jamie Dimon, the CEO of JP Morganhad recently been noticed by referring to cryptocurrencies as decentralized Ponzi schemes, the irony is that his company has just recruit a former Celsius Network executive.
They are Aaron Iovine, previously the head of regulatory affairs, and who will now occupy a similar position in his new job, regarding the regulation of digital assets.
Obviously, there is no question of questioning the integrity of this person. However, it is funny to see that JP Morgan recruits from Celsius after the words of its CEOwhile the bankrupt crypto platform is itself subject to serious accusations in the management of its crisis.
According to Reuters, a JP Morgan spokesperson confirmed the hire, without commenting further.
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Trust actions, not words
As we often say, it can there is a discrepancy between the public position of an institution vis-Ă -vis cryptocurrencies, and its real actions. This observation is all the more true when it comes to JP Morgan.
In addition to the group’s already known activities in terms of blockchain, as with the Onyx division, it will for example be interesting to go to the bank’s recruitment site. This will be instructive, because by entering the keyword “crypto”, the results return us to eleven job offers in various sectorsone of which has a job description that is, to say the least, explicit:
âResponsible for supporting Payments Systems Sales Managers (PSMs) in sales efforts across the JPMorgan Payments universe and day-to-day customer relationship management in the Web3, Crypto, Fintech and Metaverse segment. »
The experience is even more obvious if we look at the keyword âblockchainâ. Indeed, the recruitment site of JP Morgan Chase will then offer us 130 job offers :
Blockchain Recruitment at JP Morgan Chase
This once again shows that we must not stop at what is shown on the surface. We have here additional proof showing that the bank, like other major players, has indeed understood the current paradigm shift and that it is ready for this future.
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Sources: Reuters, JP Morgan
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I timidly discovered the world of blockchain at the end of 2018 during my quest for financial freedom. Initially invested moderately, it was only two years later that I took the gamble of betting everything on the movement that was taking shape then. I then dedicate 2021 to training myself better to acquire more knowledge and seriousness. As I often like to say: I still have a billion things to learn. And what I do know, I want to share with you.
Vincent Mayor
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