English
Arabic
Chinese (Simplified)
Indonesian
Russian
- Jamie Dimon has stated he would shut down Bitcoin if he had the powers.
- Dimon informed lawmakers he has at all times opposed crypto, Bitcoin, and so forth.
- In keeping with Dimon, the true use case for crypto and Bitcoin is for prison actions.
Jamie Dimon, CEO of JP Morgan Chase, has stated he would “shut down” Bitcoin if he had the facility and authority to take action. On Wednesday, the highest American banker informed lawmakers that Bitcoin’s true use case is in prison actions.
Throughout Wednesday’s congressional listening to, Dimon informed lawmakers he has at all times opposed crypto, Bitcoin, and so forth. He acknowledged and supported Senator Warren’s place, who believes Bitcoin’s solely use case is for prison actions.
In keeping with a video excerpt of Dimon in courtroom, the true use case for crypto and Bitcoin is for criminals, drug trafficking, cash laundering, and tax avoidance. He defined that Bitcoin is considerably nameless, and customers can transfer cash instantaneously with out going by way of programs constructed over a few years, together with Know Your Buyer (KYC), Sanctions, and The Workplace of Overseas Belongings Management (OFAC).
Noting that Bitcoin and cryptocurrency allow customers to bypass all these programs, Dimon expressed his need to close down Bitcoin and crypto if he had the powers to take action. He stated:
If I had the facility, I’d shut it down.
Dimon’s assertion has acquired backlash from the crypto neighborhood. There was mounting criticism towards the highest U.S. banker from famend Bitcoin and crypto supporters, lots of whom contemplate him and Senator Warren as two of the largest opponents of Bitcoin.
Famend lawyer and founding father of CryptoLaw.us, John E. Deaton, accused Dimon and Senator Warren of being deeply related. In keeping with him, Warren desires there to exist 5 banks that assist the federal government management the individuals’s cash in each method potential. He expressed his want to contest towards the senior senator had he lived in Massachusetts, not as a result of he might unseat her, however to make use of the chance to show her for the fraud she is.
Disclaimer: The data offered on this article is for informational and academic functions solely. The article doesn’t represent monetary recommendation or recommendation of any sort. Coin Version is just not liable for any losses incurred on account of the utilization of content material, merchandise, or providers talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.