JPMorgan Chase Japan executives: New forms of financing such as ICO drive changes in the role of financial institutions

According to Coindesk Japan, recently, Ichiro Ichiro, head of investment banking at JP Morgan Chase, said in an interview: Financial institutions should have greater changes, and forms like ICO can complete hundreds of billions without financial institutions. In the case of yen-scale financing, although (ICO) still has credit problems and failure risks, and regulatory rules need to be improved, (in this case) the role of banks may also begin to change significantly.