🏦❌💸 — JPMorgan CEO Jamie Dimon says he would "close down" Bitcoin & crypto if he were the government.
"The only true use case for it is criminals, drug traffickers, money laundering, tax avoidance.", said him.
➡️ However, less than 1% of the trillions transacted annually in crypto are illicit.
➡️ The UN estimates that annually between 2% to 5% of global GDP ($800 billion - $2 trillion) is used for illicit activities and money laundering through the traditional banking system and cash.
Link | https://archive.is/MZYmw