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Jamie Dimon says cryptocurrencies are like 'pet rocks' and blasts the industry as a 'complete sideshow'

Business Insider LogoBusiness Insider1 mo ago

Jamie Dimon says cryptocurrencies are like 'pet rocks' and blasts the industry as a 'complete sideshow' - Business Insider

Quick Summary:

Cryptocurrencies are used for "terrorism financing, tax avoidance, sex trafficking," Dimon said.

"Why do we allow this stuff to take place?

Even at that level, the JPMorgan chief isn't sure if that will be enough to rein in prices.

or

Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-12-06 @ 15:11:14 (1 months ago)

News Timezone: GMT -5:00

Ranking: #474 (out of 12889 stories this day)

News Source URL: markets.businessinsider.com

Language: English

Article Length: 234 words

Reading Time: 2 minutes read

Sentences: 32 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Insider

News ID: 2197388

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Main Topics: EconomyBusiness

Official Website: businessinsider.com

Update Frequency: 54 posts per day

Year Established: 2007

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

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News Language: English

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Publisher ID: #64

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