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)
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