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International Business Times UK
International Business Times UK
Vinay Patel

JPMorgan Chase CEO Says Bitcoin Is 'Used Heavily By Sex Traffickers, Money Launderers, And Ransomware'

Jamie Dimon continues to denounce Bitcoin, claiming it's primarily used by criminals for illicit activities like money laundering and drug trafficking. (Credit: X / Daniel @MnkeDaniel)

Jamie Dimon, CEO of JPMorgan Chase, recently reaffirmed his strong criticism of Bitcoin, calling it a "decentralized Ponzi scheme" and a "fraud."

In an interview with CBS News' Lesley Stahl, Dimon maintained his skeptical stance, questioning Bitcoin's value. "We are going to have some kind of digital currency at some point," he remarked, hinting at a broader shift in the financial landscape.

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