Jamie Dimon is not the only one who called Bitcoin is a scam, and if we look back we can see what Paypal as saying few years ago, but look at them now
We all know banks are doing all the shady illegal stuff for years, but many people are just keeping their mouths closed, chasing the small fishes and yell at Bitcoin.
exactly! Paypal froze some accounts before owed to crypto dealings and after few years, their stand towards crypto changes.
https://themerkle.com/paypal-continues-crackdown-on-crypto-sellers-permanently-limits-accounts/though we still welcome this kind of progress as this will drive adoption among PayPal users but wonder if those users that got their account frozen or banned will have justice from that unfortunate situation? but i dont think they will ever apologize or return the funds to those users.
You will find the collective group of billionaires accusing all crypto of being scams because it's a direct affront to their business model and their status. Dimon, Buffet, Gates (he used to support it until he went viral - pardon the pun) - they all have it against crypto.
For those who think this 1 Billion as a punishment - well Chase must have made $5 Billion if the fine was 1 billion. The fines are always less than the true amount of the crime. It's why the banks continue to do this repeatedly. Just like DRAM price fixing, the billion dollar fine that Samsung/Hynix had to pay was less than their profits.
Good old Chase bank - kicking active military out of their homes during wartime because the soldiers were too busy on front lines defending their country to be fighting unlawful foreclosure notices. If you're not a religious person this kind of makes you wish there was a hell
they are protecting their own interests and their businesses. that's what businessmen do. and of course, that fine is nothing as compared to what they raked as profits!
banks are known to torment homeowners to pay for their dues. where do you think they can get huge profits from?
