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 <p>JPMorgan CEO <a rel="dofollow" title="Jamie Dimon" href="https://thebittimes.com/tag/jamie-dimon.html">Jamie Dimon</a> says he would close down Bitcoin and crypto if he were the US Government. Speaking to senators today, the JPMorgan CEO said “I’ve always been deeply opposed to crypto, <a rel="dofollow" title="bitcoin" href="https://thebittimes.com/tag/bitcoin.html">bitcoin</a>, etc.” He points out an argument made by Sen. Elizabeth Warren that its true use is to aid criminals, including drug traffickers, and those in tax avoidance, due to its instant, near-anonymous transactions. </p> 
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    <p lang="en" dir="ltr">JUST IN: JPMorgan CEO <a rel="dofollow" title="Jamie Dimon" href="https://thebittimes.com/tag/jamie-dimon.html">Jamie Dimon</a> says he would "close down" #Bitcoin &amp; crypto if he were the government. <br><br>"The only true use case for it is criminals, drug traffickers, money laundering, tax avoidance."pic.twitter.com/UMBzuYPb59</p>— Watcher.Guru (@WatcherGuru) December 6, 2023
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 <p>Dimon further says that Bitcoin and crypto can bypass sanctions, OFAC, and other systems meant to halt these quick and secret transactions.</p> 
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 <p>“If I were the government I’d close it down,” Dimon concludes about Bitcoin and crypto as a whole. <a rel="dofollow" title="Jamie Dimon" href="https://thebittimes.com/tag/jamie-dimon.html">Jamie Dimon</a> has been vocal in his opposition to Bitcoin especially, saying in the past that Bitcoin was “a fraud.” The top cryptocurrency has been leading the charge of a surge for multiple crypto on the current market over the past month, with SEC approval of Bitcoin ETFs on the verge of becoming a reality. </p> 
 <p><strong>Also Read: BRICS: China Aggressively Dumps US Dollars For 3 Days Straight</strong></p> 
 <p>Today, Bitcoin is just under $44,000, after reaching that mark on Tuesday for the first time since before the COVID-19 pandemic. According to CoinMarketCap, it’s in the green, valued at $43,910.65 at press time.</p> 
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<div class="cs-entry__tags">
 <ul>
  <li>bitcoin</li>
  <li>btc</li>
  <li>Jamie Dimon</li>
  <li>JP Morgan</li>
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/jamie-dimon-would-close-down-bitcoin-if-he-were-in-government-tbt72842.html">https://thebittimes.com/jamie-dimon-would-close-down-bitcoin-if-he-were-in-government-tbt72842.html</a></p>

Jamie Dimon Would Close Down Bitcoin If He Were In Government

TheBitTimes

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