December 4, 2022

No one was surprised when JPMorgan CEO Jamie Dimon took the stage at an Institute for International Finance (IIF) event and once again referred to cryptocurrency tokens as “decentralised Ponzi schemes,” despite also praising some features of blockchain technology.
Dimon acknowledged that blockchain does, at least, have some “real” components while mentioning JPMorgan’s Onyx platform for wholesale payments.
According to the man whose bank was fined many billions of dollars for its own legal infractions, there is a lot of illegal activity in the cryptocurrency space.
Dimon has always been open about his dislike of cryptocurrencies, and he recently branded tokens “decentralised Ponzis” once more in congressional testimony.
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