But jamie dimon said it like a month ago, and he is now talking so good about bitcoin and the whole crypto market, he is not spreading fud or just saying that bitcoin is a fraud (but yes, he did it before)
I saw all those news from the DBS banker on yesterday's evening, and i was pretty shocked because singapore has always been accepting cryptocurrencies, i dont know why they are lefting them behind just on this point.
But we all are acostumbrated to see all those kind of fuds, or maybe they are fake news, nobody knows, they all are the same.
Topic: DBS Banker Says Bitcoin a Fraud (Read 140 times)
DBS bank likes to refer to itself as the digital bank of Singapore, however one of its top executives thinks Bitcoin is a scam. The group chief information officer (CIO), at DBS David Gledhill, made his views clear while speaking on the sidelines of the Singapore Fintech Festival.
Gledhill, speaking with news agency CNBC said his bank saw bitcoin as «a bit of a ponzi scheme.». The Singapore lenders CIO went on to say that bitcoin was «incredibly expensive and all the fees are hidden through the crypto-mechanisms.».
Instead, Gledhill thought it makes more sense for DBS to focus on its electronic transactions of government-backed currencies. His words echoed those of UBS chairman Axel Weber who earlier this week said Central banks should consider setting up their own digital currencies.
J.P. Morgan CEO Jamie Dimon also famously called the cryptocurrency dangerous. The influential European banker's comments come shortly after his CEO Sergio Ermotti said that the wealthy are curious about digital currencies, which represent a threat to the traditional banking system, but are unwilling to take big crypto bets.
https://www.finews.asia/finance/25962-dbs-banker-says-bitcoin-a-fraud
Gledhill, speaking with news agency CNBC said his bank saw bitcoin as «a bit of a ponzi scheme.». The Singapore lenders CIO went on to say that bitcoin was «incredibly expensive and all the fees are hidden through the crypto-mechanisms.».
Instead, Gledhill thought it makes more sense for DBS to focus on its electronic transactions of government-backed currencies. His words echoed those of UBS chairman Axel Weber who earlier this week said Central banks should consider setting up their own digital currencies.
J.P. Morgan CEO Jamie Dimon also famously called the cryptocurrency dangerous. The influential European banker's comments come shortly after his CEO Sergio Ermotti said that the wealthy are curious about digital currencies, which represent a threat to the traditional banking system, but are unwilling to take big crypto bets.
https://www.finews.asia/finance/25962-dbs-banker-says-bitcoin-a-fraud
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