Morgan Chase formed an encryption team in the consumer sector, targeting industry leaders

Morgan Chase is in the process of forming an encryption team within Chase, its consumer bank, with the aim of becoming the "leader" of the convergence between traditional finance and encryption. The Bank is recruiting senior managers for the digital asset and block chain team, serving its 80 million regular clients. Previously, CEO Jamie Damon had called bitcoin "fraud", and the Bank had been gradually changing that position over the past two years。