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J.P. Morgan Launches Blockchain for Ethereum Assets ?? Chainlink Ripped OffJPM Coin is a dollar-backed cryptocurrency (stablecoin) from the bank JP Morgan Chase, announced in February as an institution-to-institution service. These regulatory advisories warn that cryptoassets, including bitcoin and ether, may be susceptible to fraud, involve a high level of risk, and may experience. JPMorgan Chase CEO Jamie Dimon has dumped on cryptocurrencies for years. "I've always been deeply opposed to crypto, bitcoin, etc.," he said.