Jamie Dimon, CEO of US bank JPMorgan Chase, says he no longer uses the word cryptocurrency.
"I don't call them cryptocurrencies, I call them 'riptotokens', because the currencies have rules of law behind them, central banks and tax authorities," Dimon said in an interview with Ekathimerini published this week.
The general director of JPMorgan pointed out that "people should be careful", while calling for "greater control by the States" in regard to this type of asset, since - he recalls - "in the last two months [cryptocurrencies] have lost half their value in the US market."
Asked if JPMorgan has its own cryptocurrency, Dimon replied that it is necessary to "separate dollar-backed [assets]." "We have a JPMorgan coin, where you can get cash from us or someone else. It represents the dollar in our bank," he explained.
His comments come amid bearish moves in US stock indices as well as cryptocurrencies.
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