Jamie Dimon’s Bitcoin Disclosures Abuse The Market
JP Morgan president Jamie Dimon may have gotten into trouble with Swedish financial authorities when he called Bitcoin a “fraud.”
Recently JP Morgan Chase chief executive Jamie Dimon reveals “fraud” that will piss off the crypto community. Following Dimon’s comments and the Bitcoin market’s decline, JP Morgan Securities Ltd. purchased Bitcoin-based unsecured debt securities for its clients.. According to reports, London-based algorithmic liquidity provider Blockswater said that Dimon violated the European Union‘s Market Abuse Regulation articles .
Jamie Dimon’s public allegations “Market Abuse” hurting investors
Blockswater, Dimon‘s interests of the company believes it is abusing the market by providing misleading information to influence values for. Market manipulation is considered a criminal under EU law. United Kingdom liquidity provider says that after Dimon’s Bitcoin disclosures, JP Morgan’s purchase of BTC securities seems suspicious.
Blockswater executive Florian Schweitzer: “Jamie Dimon‘s allegations have not only damaged Bitcoin‘s reputation, but also given their customers and new businesses working to contribute to the financial system. It also damaged.”
Dimon’s statements and the securities purchased by his company are in doubt
The company is a company based on the Stockholm stock exchange Nasdaq He stated that he submitted a “market abuse” report to the Swedish Financial Supervisory Authority after purchasing Bitcoin derivative securities from Nordic. Schweitzer said the company’s heads of acquisitions did it both before and after the announcement, and it “smells like market abuse.”
According to news source City A.M., strong>Blockswater‘s day-to-day operations are associated with asset types such as Blockchain-based Bitcoin. The columnist of the publication, Courtney Goldsmith, tried to reach JP Morgan, but the company refused to comment.
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