More than a week later after JPMorgan CEO, declared Bitcoin to be a ‘fraud’, Blockswater has filed a market abuse report against Jamie Dimon.

Blockswater is a Austrian algorithmic liquidity provider firm and has filed the report with Swedish Financial Supervisory Authority, according to

Blockswater said the CEO has violated Article 12 of the European Union’s Market Abuse Regulation by declaring that Bitcoin was “a fraud”.

The comment made by Dimon has pushed the cryptocurrency and other coin assets in the market into a week slump.

Dimon further went on to say that the crypto is useful to drug dealers, murderers and people in North Korea and Venezuela.

 “It is worse than tulips bulbs…Don’t ask me to short it. It could be at $20,000 before this happens, but it will eventually blow up.”

You can watch Jamie Dimon’s interview here:


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