Main page News, Stablecoins, Regulations, Facebook, Banking, US, Fintech
Hot topic
18 July
62 62

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.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Please describe the error