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JPMorgan boss Jamie Dimon calls bitcoin and other crypto tokens ‘decentralised Ponzi schemes’

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Jamie Dimon hasn’t relented in his rhetoric against cryptocurrencies, calling bitcoin and other digital tokens little more than “decentralised Ponzi schemes” in testimony before Congress.“I’m a major sceptic on crypto tokens … like bitcoin,” Dimon said on 21 September, speaking at a House Financial Services Committee meeting with the leaders of other major banks. “They are decentralised Ponzi schemes, and the notion that it’s good for anybody is unbelievable.”“It’s...

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