JP Morgan, Bankers: Bitcoin Can Only Compete if it ‘Conforms to Regulations’
If comments from JPMorgan's CEO are any indication, the financial giant considers Bitcoin a competitor — and it plans to compete. Bitcoin developers “are going to try and eat our lunch,” JPMorgan Chase Chairman and Chief Exectutive James Dimon said, at the Institute of International Finance annual meeting, as reported by Institutional Investor. “And that’s fine. That’s called competition, and we’ll be competing,” he added. The Institute of International Finance is a global financial alliance; the world's financial leaders congregate annually for the membership conference, where the....
Related News
Cryptocurrencies are very unstable for them to become a widely used method of payment, the Nigerian and Kenyan central bankers have reportedly said. In addition, the bankers claim that cryptocurrencies also pose a risk to financial stability. Narrowing the Financial Exclusion Gap The Nigerian and Kenyan central bankers have said cryptocurrencies are too volatile to become an acceptable payment method. The bankers also insisted that cryptocurrencies pose a risk to financial stability, a Reuters report has said. As per the report, the bankers namely, Kingsley Obiora, the deputy governor of....
JP Morgan Chase & Co., the largest bank in America and one of the world's major provider of financial services, recently issued its 2014 annual report, in which the firm's chairman and CEO Jamie Dimon suggests that new competitors are "looking to compete with banks," and that his firm is "keeping an eye on [these emerging players]," most particularly on Silicon Valley's startups. "Silicon Valley is coming," warns Dimon. "There are hundreds of startups with a lot of brains and money working on various alternatives to traditional banking." What the executive is referring to is nothing else....
In the latest episode of "fireside chat" with Paul Buitink, which was co-hosted by Tim Pastoor, co-founder of Identifi, and Jop Hartog, co-founder of www.blocktrail.com, Charles Hoskinson, founder of The Bitcoin Project, and former Ethereum CEO, discussed at length about Bitcoin and how to decentralize everything, among other topics. Charles dubbed the recent trend of bankers and ex-bankers, some even from JP Morgan, entering the Bitcoin space as positive. He also said that the reason for their transition could be that they want to be the first in line when the Bitcoin startups are being....
Following the federal judge’s decision to give the accused Bitfinex money launderer Heather Morgan permission to “engage in legitimate employment,” Morgan has broken her silence on social media. Morgan’s Twitter account dubbed “Heather ‘Razzlekhan’ Morgan” is verified on Twitter and her latest tweet insists that she does not endorse any crypto or NFT project bearing her name.
Heather Morgan Insists: ‘I Am Not Involved in Any Crypto Project’
On Tuesday, one of the accused Bitfinex bitcoin launderers, Heather....
Morgan Stanley, a Wall Street investment bank, has gotten exposure to Bitcoin (BTC) through Grayscale, indicating that institutional adoption of digital assets is growing. Morgan Stanley Owns 28k Shares According to a June 28 filing with the US Securities and Exchange Commission, the Morgan Stanley Europe Opportunity Fund, which invests in established and growing firms […]