THELOGICALINDIAN - The aggregation Blockswater has filed a complaint adjoin JP Morgan CEO Jamie Dimon adage heviolated Article 12 of the European Unions Market Abuse Regulation MAR by declaring that Bitcoin was a fraud
Blockswater claims that Dimon abandoned Article 12 of the European Union’s Market Abuse Regulation back he declared that Bitcoin was “a fraud”. Dimon’s comments on Bitcoin preceded a 24 percent bead in Bitcoins price.
In an account with City AM, Blockswater managing accomplice Florian Schweitzer explains:
The complaint states that Dimon’s account abnormally impacted “the cryptocurrency’s amount and reputation”. Arguing that he “knew, or care to accept known, that the advice he broadcast was apocryphal and misleading”. Blockswater goes alike added in their accusations, suggesting JP Morgan traded bitcoin derivatives for their audience on Stockholm-based barter Nasdaq Nordic afore and afterwards Dimon’s statements, which Schweitzer said “smells like bazaar manipulation”.
JP Morgan is additionally heavily invested in Bitcoin’s blockchain technology, accepting afresh advertised for blockchain manager positions. There does arise to be a amount of double standard in Dimon’s comments, decidedly in attention to counterfeit accusations.
Dimon’s acrid Bitcoin comments came at the aforementioned time as rumors, after confirmed, that China was to activate shutting it’s country’s own Bitcoin exchanges. China’s acts arise a abolitionist act of self-harm, speculated to be a aboriginal move in introducing far added acrimonious adjustment in a relaunched cryptocurrency barter space.
Self-harm or abetment accusations are decidedly accordant to Dimon’s company, JP Morgan, which actively traded Bitcoins for their own audience afore and afterwards Dimon’s antecedent comments calling Bitcoin a “fraud”. He has not chock-full actuality articulate either, he afresh common to CNBC on Friday:
Whether the article (the blockchain), should be admired is a catechism Dimon would assume to be tackling. For Dimon, it seems you can not put a amount on a secure, all-around and decentralized blockchain, although his aggregation would assume to be advantageous a ample amount for a adaptation of their own, one that cannot achievement to attempt with the one Bitcoin already has. Are they already too backward to the race?
The account comes as Dimon appear that JP Morgan third-quarter trading revenues will bead about 20% on a year on year base which leads to JPMorgan’s banal falling from its affair highs.
Should Dimon be captivated answerable for acute address he acclimated or should his comments be beheld as simple claimed opinion? Let us apperceive in the comments below.
Images address of Wikimedia Commons
