Close Menu
Chronicle.ng
    Trending Stories
    PDP pegs senate nomination fee at N3m, releases by-election timetable

    PDP pegs senate nomination fee at N3m, releases by-election timetable

    July 4, 2025
    ADA not yet registered, INEC clarifies amid 2027 election buzz

    INEC receives 12 more requests for political party registration

    July 4, 2025
    Kidnapped Bayelsa judge regains freedom after 12 days in captivity

    Kidnapped Bayelsa judge regains freedom after 12 days in captivity

    July 4, 2025
    Facebook X (Twitter) Instagram
    Trending
    • PDP pegs senate nomination fee at N3m, releases by-election timetable
    • INEC receives 12 more requests for political party registration
    • Kidnapped Bayelsa judge regains freedom after 12 days in captivity
    • Peter Rufai: Tinubu mourns legendary Super Eagles goalkeeper ‘Dodomayana’
    • Russia becomes first country to recognise Taliban government in Afghanistan
    • Terrorists amputate Plateau youth during attack on mourners
    • US indicts Nigerian Olatunbosun Osukoya in $14bn healthcare fraud
    • Petrol pricing summit holds 23, 24 July – FG
    Facebook X (Twitter) Instagram
    Chronicle.ngChronicle.ng
    Subscribe
    Friday, July 4
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle.ng

    JPMorgan CEO says Bitcoin is ‘worthless, due for regulation’

    Chronicle EditorBy Chronicle EditorOctober 12, 20211 Comment2 Mins Read
    Facebook Twitter Telegram WhatsApp
    Bitcoin JPMorgan Chase CEO Jamie Dimon
    JPMorgan Chase CEO Jamie Dimon
    Facebook Twitter WhatsApp

    Jamie Dimon, JPMorgan Chase & Co (JPM.N) chief executive, said on Monday at a conference that cryptocurrencies will be regulated by governments and that he personally thinks bitcoin is “worthless.”

    “No matter what anyone thinks about it, government is going to regulate it. They are going to regulate it for (anti-money laundering) purposes, for (Bank Secrecy Act) purposes, for tax,” Dimon said, referring to banking regulations in a conversation held virtually by the Institute of International Finance.

    Dimon, head of the largest U.S. bank, has been a vocal critic of the digital currency, once calling it a fraud and then later saying he regretted the statement.

    This summer, JPMorgan gave wealth management clients access to cryptocurrency funds, meaning the bank’s financial advisers can accept buy and sell orders from clients for five cryptocurrency products.

    • Bitcoin slumps as China bans cryptocurrency trading, mining

    Stating that his views are different from those of the bank and its board, Dimon said he remains skeptical.

    “I personally think that bitcoin is worthless,” Dimon said. “I don’t think you should smoke cigarettes either.”

    “Our clients are adults. They disagree. If they want to have access to buy or sell bitcoin – we can’t custody it – but we can give them legitimate, as clean as possible access.”

    Bitcoin trading showed no immediate reaction to Dimon’s comments. The cryptocurrency was last up 5% for the day at $57,304.

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    PDP pegs senate nomination fee at N3m, releases by-election timetable

    PDP pegs senate nomination fee at N3m, releases by-election timetable

    ADA not yet registered, INEC clarifies amid 2027 election buzz

    INEC receives 12 more requests for political party registration

    Kidnapped Bayelsa judge regains freedom after 12 days in captivity

    Kidnapped Bayelsa judge regains freedom after 12 days in captivity

    Super Eagles legend Peter Rufai is dead

    Peter Rufai: Tinubu mourns legendary Super Eagles goalkeeper ‘Dodomayana’

    Russia becomes first country to recognise Taliban government in Afghanistan

    Russia becomes first country to recognise Taliban government in Afghanistan

    Suspected Fulani militia terrorists on Wednesday attacked some mourners in the Rim community of Plateau State and amputated one of the youths.

    Terrorists amputate Plateau youth during attack on mourners

    View 1 Comment
    Leave A Reply Cancel Reply

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    PDP pegs senate nomination fee at N3m, releases by-election timetable

    PDP pegs senate nomination fee at N3m, releases by-election timetable

    July 4, 2025
    ADA not yet registered, INEC clarifies amid 2027 election buzz

    INEC receives 12 more requests for political party registration

    July 4, 2025
    Kidnapped Bayelsa judge regains freedom after 12 days in captivity

    Kidnapped Bayelsa judge regains freedom after 12 days in captivity

    July 4, 2025
    Super Eagles legend Peter Rufai is dead

    Peter Rufai: Tinubu mourns legendary Super Eagles goalkeeper ‘Dodomayana’

    July 4, 2025
    Russia becomes first country to recognise Taliban government in Afghanistan

    Russia becomes first country to recognise Taliban government in Afghanistan

    July 4, 2025
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2025 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.