'Most of crypto is still junk' and lacks use case — JPMorgan blockchain head
Cointelegraph
Published Aug 30, 2022 12:20AM ET
Updated Aug 30, 2022 02:00AM ET
The head of JPMorgan’s digital assets unit Umar Farooq has suggestedthat most of the crypto assets on the market are “junk” and that real crypto use cases are yet to fully present themselves.
During a panel discussion at the Monetary Authority of Singapore’s Green Shoots Seminar on Aug. 29, Farooq stated that regulation is yet to catch up to the burgeoning industry which is holding back many traditional financial (TradFi) institutions from getting involved.
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Written By: Cointelegraph
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