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JPMorgan CEO: Cryptocurrencies Are Decentralized Ponzi Schemes

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JPMorgan CEO: Cryptocurrencies Are Decentralized Ponzi Schemes
AP Photo/Jacquelyn Martin

Jamie Dimon, CEO of JPMorgan, has said that cryptocurrencies are «decentralized Ponzi schemes,» but blockchain technology has potential, Business Insider has reported.

According to him:

«I’m a major skeptic of crypto tokens, which you call currency, like Bitcoin. They are decentralized Ponzi schemes, and the notion that it’s good for anybody is unbelievable.»

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Dimon claims cryptocurrencies facilitate various illegal practices such as money laundering. He has stressed these assets pose a threat.

However, the JPMorgan head has acknowledged that «real» technologies, such as DeFi and utility tokens, can be useful. In particular, he has stated he would not oppose the emergence of a regulated stablecoin.

Источник: ru.ihodl.com

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