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12/6/2023, 6:34 PM (Source: TeleTrader)
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Dimon says he has always opposed cryptos

JPMorgan Chase & Co. Chairman and CEO Jamie Dimon stated on Wednesday that he has always been deeply opposed to cryptos.

"If I was the government, I'd close it down," Dimon said during a hearing at the Senate Banking Committee. Similarly, the group of CEOs convened at the session affirmed that cryptocurrencies should follow the same anti-money laundering and anti-terrorist financing laws as banks.

The concerns about cryptos come after investigators in the United States and worldwide found that Hamas used cryptocurrencies to raise funds to circumvent established sanctions.

Baha Breaking News (BBN) / JG