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18 July
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The CEO and Chairman of JP Morgan Chase, Jamie Dimon, in a recent interview with CNBC, has made it clear that Facebook’s Libra stablecoin doesn’t pose a threat in the short-term period.

Dimon says the bank isn’t against the competition, but every money-related potential product should be regulated since “no-one wants to aid and abet terrorism or criminal activities.”

“To put it in perspective, we’ve been talking about blockchain for 7 years and very little has happened. We’re going to be talking about Libra three years from now. I wouldn’t spend too much time on it,” Dimon added.

Last year, JP Morgan Chase CEO repeatedly highlighted that he was a supporter of “blockchain not bitcoin.”

However, back in January, Dimon noted that blockchain technology is not yet ready for mainstream adoption.

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