Jamie Dimon, CEO of banking giant JPMorgan, has made heavy accusations about cryptocurrencies.
CEO of JPMorgan Jamie Dimonto September 21 attended on House Financial Services Committee Questions were asked about cryptocurrencies at the surveillance hearing organized by The basis of these questions was why JPMorgan did not play a more active role in cryptocurrencies. In response to the questions posed by Dimon, Bitcoin and other cryptocurrencies decentralized ponzi schemes He described himself as a big cryptocurrency skeptic.
I see value in projects that use blockchain technology, have innovative smart contracts, and have robust decentralized finance (DeFi) infrastructures. But in my opinion, tokens that are or are trying to be “currency” are just decentralized ponzi schemes.
This is not the first “fraud” claim made by Dimon specifically for cryptocurrencies. The JPMorgan team, which has been against technology since the beginning of the Bitcoin story, also accepts this innovation at certain points. It is known that the company has taken a softer stance on the use of cryptocurrencies, especially in global money transfers. However, the company, which thinks that the crypto money to be used for these payments should be supported by the central authorities, 2020 in the year JPM CoinHe had taken it out.
Moreover 2022 in February Decentralandby opening a virtual salon of their own in metaverse They had earned the title of the first major bank in the universe. It seems that no matter how hard they try to keep their stance, they have difficulty in being indifferent to this new technology and they want to seize opportunities.