JPMorgan CEO Jamie Dimon has reiterated his negative stance on Bitcoin, citing concerns over illicit activities during an interview with Fox. Dimon stated that Bitcoin’s actual use cases include sex trafficking, tax avoidance, money laundering, and terrorism financing. This comes as JPMorgan is reportedly being considered for involvement in Grayscale’s proposed Bitcoin exchange-traded fund (ETF) as an authorized participant. The contradictory stance raises questions about the institution’s views on Bitcoin, especially considering its potential role in multiple Bitcoin ETF initiatives. (Source: Bitcoinist)
Related
HK SFC Licenses Four Virtual Asset Trading Platforms Under Streamlined Licensing Process & Issues Circular
UK FCA Publishes Consultation Paper on Private Stock Market PISCES to Transform UK Capital Access
UK FCA Publishes Discussion Paper DP24/4 Seeking Feedback on Strengthening Transparency and Market Integrity in Crypto Markets
US SEC Publishes Mandatory Electronic Filing and Website Disclosures for Financial Forms and Reports and Updates to FOCUS Reports
ASIC Sues Binance Australia Derivatives for Misclassifying Retail Clients and Consumer Protection Failures