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According to Bloomberg, JPMorgan has appointed former Goldman Sachs executive Oliver Harris to lead its blockchain division Kinexys, responsible for driving commercial adoption and strengthening collaboration with institutional clients. Harris previously served as CEO of Arda Global, Managing Director of Digital Assets for Goldman Sachs Americas, and worked at JPMorgan for six years, where he led the development of the Quorum blockchain platform. Kinexys was launched in 2019 and, as of last December, processed $5 billion in daily transactions. In November last year, JPMorgan launched deposit token JPM Coin for institutional clients via the Base blockchain, for fund sending and receiving.

Odaily reported that the Canadian federal government announced in its spring economic update released this Tuesday that it plans to ban cryptocurrency ATMs to protect citizens from fraud. The government defines cryptocurrency ATMs as a primary means for scammers to defraud victims and for criminals to transfer illicit funds. According to previous analysis by FINTRAC, cryptocurrency ATMs have become the main channel for scammers within Canada to access victims’ funds. These devices do not require bank accounts and lack manual review, making fund transfers fast and difficult to trace. Currently, Canada has nearly 4,000 cryptocurrency ATMs, ranking first in the world per capita. The Canadian government stated that this measure is intended to ensure citizens can better prevent illegal activities when purchasing virtual currency through physical money service businesses. Previously, countries such as the United Kingdom, New Zealand, and Australia have taken restrictive or banning measures against cryptocurrency ATMs.

According to Odaily, a certain exchange released its Q1 2026 financial report, showing quarterly revenue of 107 million US dollars, a year-on-year increase of 15%. Net profit grew by 3% to 346 million US dollars. The platform's total assets reached 307 billion US dollars, up 39% year-on-year. Income from cryptocurrency business was 134 million US dollars, a year-on-year decrease of 47%. The cryptocurrency nominal trading volume was 24 billion US dollars, a year-on-year decrease of 48%. Options business income rose by 8% to 260 million US dollars, while stock business income jumped 46% to 82 million US dollars. The exchange’s Gold subscription revenue grew by 32% to 50 million US dollars. In addition, the company repurchased 250 million US dollars in stock this quarter.