Why JP Morgan’s CEO calls Bitcoin regulation a “serious issue”
In his annual letter to his shareholders, J.P. Morgan Chairman and CEO Jamie Dimon addressed the status of regulations towards Bitcoin and cryptocurrencies in the United States. At the beginning of the letter, Dimon calls 2020 a “strong” year for the banking institution in spite of the pandemic Covid-19. Dimon seems to have changed his […]
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As bitcoin continues to garner attention from investors and regulators alike, inevitable regulation should be focused on helping the former. The post Balancing Calls For Bitcoin Regulation While Preserving Satoshi’s Dream appeared first on Bitcoin Magazine.
Banking giant JP Morgan has recently announced that they will be launching an In-Residence program in a bid to get FinTech startup companies to tackle challenges within the industry. JP Morgan is aiming to get financial technology startups to come together with its company so that they can brainstorm ideas that will help to change the industry, enabling banks to work faster and safer. The FinTech companies that have the opportunity to take part in the In-Residence program will join forces with JP Morgan for six month periods with access to the American bank’s systems, expertise, and....
The chairman of the U.S. Securities and Exchange Commission (SEC) has explained how the U.S. government is regulating cryptocurrency. He calls bitcoin a store of value, noting that its rise is driven by the inefficiencies of the current payment system. How Bitcoin Is Regulated in the US SEC Chairman Jay Clayton explained how the U.S. government is regulating bitcoin during an interview with CNBC Squawk Box on Thursday. He began by responding to a comment made by JPMorgan CEO Jamie Dimon regarding bitcoin regulation. Dimon said that he was not a supporter of bitcoin because in his....
A new report by the European Central Bank (ECB), presented as a “deep dive into crypto financial risks,” calls for “appropriate” regulation and oversight of stablecoins and decentralized finance (defi). It also addresses the hot topic of Bitcoin’s carbon footprint in Europe, suggesting a ban on proof-of-work mining is probable. Growth of Stablecoins, Defi Warrants Regulation and Supervision, ECB Says Crypto-related financial risks, those associated with stablecoins and defi platforms in particular, as well as the threat to climate transition goals blamed....
Clem Agba reportedly said uncertainty in Bitcoin regulation risks depriving government and citizens of plugging into opportunities.