**Watch** Senate Banking Committee Hearing Addresses Libra, Facebook’s New Cryptocurrency, Courtesy CNBC

Jamie Dimon Says Libra a Waste of Time, Read more

“To put it in perspective, we’ve been talking about blockchain for 7 years and very little has happened,” Dimon said during a conference call with analysts. “We’re going to be talking about Libra three years from now. I wouldn’t spend too much time on it.”

“We don’t mind competition,” said Dimon . “The request is always going to be the same: We want a level playing field. And governments are going to insist that people who hold money or move money all live according to rules where they have the right controls in place; no-one wants to aid and abet terrorism or criminal activities.” Read more

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