JP Morgan Chase: Cryptocurrency a Threat to its Own Services

JP Morgan’s CEO has been backpedaling on calling Bitcoin a fraud for months now but he has stuck to the line that no government (especially the US) will allow cryptocurrency to exist on a large scale. A new report shows though that JP Morgan is very aware of the ‘risk’ cryptocurrency puts on its own services and how they are dealing with it.
A Risky Future
In its annual report released on Tuesday, JP Morgan recognized that cryptocurrencies such as Bitcoin and Ethereum are