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Jamie Dimon Does Not Consider Libra As A Threat

Dimon stated his opinion on the matter during a conference call with analysts on Tuesday, July 16. He wouldn’t spend too much time on Libra, specifically adding “to put it in perspective, we have been talking about blockchain for seven years and very little has happened. We are going to be talking about Libra for three years from now.”

“We don’t mind competition. The request is always going to be the same: We want a level playing field. And governments are going to insist that people who hold money or move money all live according to rules where they have the right controls in place; no-one wants to aid and abet terrorism or criminal activities.”

“Cryptocurrencies such as Bitcoin [BTC] have been exploited to support billions of dollars of illicit activity, like cybercrime, tax evasion, extortion, randomware, illicit drugs, human trafficking […] This is indeed a national security issue.”

Read more: E-Money and Stablecoins Could Precede Traditional Money

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