According to TechFlow, JPMorgan Chase CEO Jamie Dimon once again criticized cryptocurrencies at a U.S. Senate hearing. He pointed out that the crypto industry can transfer funds in real time and escape the regulatory framework required by banks, including sanctions and anti-money laundering, and advocated that the main application of digital assets is crime. He said, "I have always been strongly opposed to cryptocurrencies such as Bitcoin. If I were the government, I would shut it down."
Although JPMorgan Chase continues to develop applications for blockchain technology, CEO Jamie Dimon has remained quite averse to cryptocurrencies for many years.
