JPMorgan CEO Jamie Dimon is facing irony this week after calling Bitcoin a fraud - as the bank's Swiss arm is sanctioned for fraud.
Reports from local media outlet Die Handelszeitung relate how the Swiss regulator Finma had ruled JPMorgan was guilty of money laundering in June.
A legal battle then ensued with, Dimon's giant attempting to prevent the publication of Finma's judgment.
This month, however, the law ruled against it, but details of the extent of the wrongdoing remain sketchy.
The news is especially amusing to Bitcoin proponents, who watched as Dimon's accusations the the virtual currency was a "fraud" sent it into temporary free fall in September.
Follow me and I will Follow back!! :)
Hello & Cheers!! I'm a content detection and information bot. You are receiving this reply because a short link or links have been detected in your post/comment. The purpose of this message is to inform your readers and yourself about the use of and dangers of short links.
To the readers of the post: Short links are provided by url shortening services. The short links they provide can be useful in some cases. Generally their use is benign. But as with all useful tools there are dangers. Short links can be used to hide all sorts of things. Quite frequently they are used to hide referral links for instance. While not dangerous this can be deceptive. They can also be used to hide dangerous links such as links to phishing sites, sites loaded with malware, scam sites, etc. You should always be extremely cautious before clicking on one. If you don't know and trust the poster don't click. Even if you do you should still be cautious and wary of any site you are sent to. It's always better to visit the site directly and not through a short link.
To the author of the post: While short links may be useful on some sites they are not needed on steemit. You can use markdown to format your links such as this link to steemit. It's as simple as
[steemit](https://steemit.com)Unlike short links this allows the reader to see where they are going by simply hovering over the link before they click on it.