The head of a large investment bank again criticized the first cryptocurrency and suggested that governments could ban digital money.

The government may ban cryptocurrencies due to the inability to control them, says the head of JPMorgan, James Dimon. He added that he is not interested in bitcoin and considers it a scam.

In September, Dimon called bitcoin a financial bubble, then said that he regretted his words, but still did not consider the first cryptocurrency to be something important. In October 2017, he announced that he would no longer talk about digital money.

In May 2018, in an interview with Harvard Business Review, JPMorgan’s head refused to comment on the situation in the digital money market but called the blockchain “real” — unlike the cryptocurrencies themselves. The bank is testing the technology and plans to use it for different products.

Other representatives of the financial holding have a different attitude to the cryptocurrency industry. JPMorgan co-president Daniel Pinto said that digital money was real, but not in the form in which it existed then. The heads of the investment bank began to study cryptocurrencies after Goldman Sachs revealed plans to launch services related to bitcoin futures.