News Explorer — JP Morgan CEO Jamie Dimon Continues to Oppose Cryptocurrencies, Citing Ties to Criminals

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Dec 6, 8:15 pm

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JP Morgan CEO Jamie Dimon Continues to Oppose Cryptocurrencies, Citing Ties to Criminals

JP Morgan Chase CEO Jamie Dimon reiterated his negative stance on cryptocurrencies, stating that he would "close it down" if he were the U.S. government. Dimon believes that crypto is primarily used by criminals for activities such as money laundering and tax avoidance. Despite his criticism, Dimon has acknowledged the potential of blockchain technology and his bank has utilized it for projects like JPM Coin.

JP Morgan Chase CEO Jamie Dimon reiterated his negative stance on cryptocurrencies, stating that he would "close it down" if he were the U.S. government. Dimon believes that crypto is primarily used by criminals for activities such as money laundering and tax avoidance. Despite his criticism, Dimon has acknowledged the potential of blockchain technology and his bank has utilized it for projects like JPM Coin.

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