The leader of JPMorgan Chase, Jamie Dimon, voiced strong criticism against bitcoin and other cryptocurrencies during his remarks Wednesday at the U.S. Capitol, suggesting the need for their ban, CNBC reports.

“I have always been strongly opposed to cryptocurrencies, Bitcoin, and so on,” said the CEO of the leading US asset bank, answering questions from Democratic Senator Elizabeth Warren during the Senate Banking Committee session.

“The only real use it can be given to criminals, drug traffickers… money laundering, tax evasion. If I were the government, I would close it down,” Dimon added.

These statements represent Dimon’s latest offensive against cryptocurrencies, despite his bank’s strong involvement in blockchain technology, the engine of this industry valued at 1.6 trillion dollars.

On previous occasions, Dimon had described bitcoin as “an exaggerated fraud”, a comment he later retracted, as well as likening it to a “pet stone”.

During questioning by Warren and other bank executives at a routine hearing, it was agreed that cryptocurrency companies should be subject to the same anti-money laundering regulations as conventional financial institutions.

K. Tovar

Source: Bancaynegocios

(Reference image source: Precious Madubuike, Unsplash)

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La entrada CEO of JPMorgan issued criticism against cryptocurrencies apareció primero en Bitfinance.

This Thursday the decision was made regarding the Parler case, the US-based social network, which would have forced the Amazon company to use its servers and return to the Internet. The case was considered by a federal judge in the United States, who rejected the request of said network.

In her ruling, Judge Barbara Jacobs Rothstein indicated that Parler had not been able to prove the need for an emergency order that would have forced Amazon to reconnect the social network.

The Internet giant, on January 6, had made the decision to remove Parler from its platform due to the “violent content” disseminated by the social network for that date.

In this regard, the judge for the case reported that Amazon Web Services (AWS) “has convincingly argued that forcing it to host the violent content of Parler users would interfere with AWS’s ability to prevent its services from being used to promote and – as the events of January 6, 2021 have shown – even cause violence.”

In addition, the judge assured that the action does not violate freedom of expression, because Amazon is a private company with the authority to enforce its own rules.

K.Villarroel

Source: bancaynegocios

La entrada Parler’s request to return to Amazon is rejected apareció primero en Bitfinance.

Joe Biden will begin his presidential term with a declaration of intent in the form of a battery of measures, ranging from reincorporating the United States to the Paris Agreements against climate change and the World Health Organization (WHO) to suspending the construction of the wall on the border with Mexico.

Biden’s team announced these steps calling them “historic” and making clear the will of the still president-elect to reverse the legacy of his predecessor in the White House, Donald Trump. The former Democratic vice president has already outlined some of these initiatives throughout the campaign and after the elections.

“Changing the course” of the coronavirus pandemic is one of its priority objectives, for which Biden, who has already received the two doses of the Covid-19 vaccine, will urge the population to wear a mask for at least 100 days. He will also enact an executive order to compel its use in all federal facilities.

Biden understands that the WHO continues to be “key” in the worldwide coordination of the fight against COVID-19, against the criteria of Trump, who accused the international agency of favoring China’s version of the origin of the virus. For this reason, the United States will reverse its departure and even send a delegate, epidemiologist Anthony Fauci, to the January 21 board of directors.

In terms of climate change, the most symbolic measure of the new Administration will be to re-commit the United States to the Paris Agreement, with a view to retaking the lost “global leadership”, while also foreseeing economic gestures that go from the extension of student loan payments to the extension of the moratorium on evictions, assuming that the pandemic has worsened the financial situation of many households.

“Racial equality” is among the objectives of Biden, who has set himself the objective of analyzing ways with which the authorities can avoid discrimination against minorities, also in the police field.

In terms of immigration policy, the new US president aspires to “preserve and strengthen” the spokesperson for the ‘dreamers’, as the immigrants who came to the United States as children are known and who, with Trump in the White House, have seen even their permanence in the country at risk. He also renounces the reinforcement of the wall on the border with Mexico, a symbol of the immigration doctrine of the current president.

Biden will also repeal the entry ban for travelers from Muslim-majority countries, on the understanding that it stigmatizes certain people because of their religion and origin, even generating “xenophobia.”

The new president of the United States aspires, in general terms, “not only to reverse the most serious damages of the Trump Administration, but also to begin to move the country forward.” His team explains that these are “direct” measures that make clear not only Biden’s willingness to fulfill his promises to the US electorate, but also to remain “within his constitutional role.”

K. Tovar

Source: dpa

La entrada Biden takes office with a series of challenges apareció primero en Bitfinance.

Pence has not publicly referred to the idea of ​​resorting to a mechanism never used in the history of the United States, although the newspaper quotes a person close to the vice president who confirmed his refusal.

Trump’s impeachment calls multiplied after his followers, whom the president had inflamed shortly before, invaded and closed Congress as he prepared to certify the electoral victory of Democrat Joe Biden.

Democrats called for the measure to be taken despite the Republican’s only 13 days left in office.

“This is an emergency of the greatest magnitude”, said the Democratic Speaker of the House of Representatives, Nancy Pelosi.

“By inciting sedition, as he did on Wednesday, he must be removed from office.”

The Times said Pence’s position is backed by several cabinet members, whose support he needs if he appeals the 25th amendment.

The newspaper added that those officials “see the effort as something that will add to the current chaos in Washington rather than stop it.”

Meanwhile, Democrats in the House of Representatives warned that if the amendment is not invoked, they will then initiate another impeachment process against President Trump.

G. Febres

With information from international media, AFP and other agencies

La entrada Pence and other members of the cabinet would be denied to the impeachment of Trump apareció primero en Bitfinance.

This Thursday, January 7, the outgoing US president, Donald Trump, accepted that his government will be a single term and promised an “orderly transition”, after Congress ratified the electoral victory of President-elect Joe Biden.

“Although I totally disagree with the outcome of the election, and the facts are on my side, however, there will be an orderly transition on January 20,” Trump said in a statement distributed on Twitter by one of his principals. advisors, Dan Scavino.

“I have always said that we would continue our fight to ensure that only legal votes were counted. While this represents the end of the best first term in presidential history, it is only the beginning of our fight to make America great again! ”He added.

Trump’s reaction came through Scavino because the outgoing president’s own Twitter account is temporarily suspended, due to messages in which the president justified the assault on the Capitol by his supporters.

G. Febres

Con información de Doble Llave, AFP, medios internacionales y redes sociales

La entrada Trump admits end of term and calls for orderly transition apareció primero en Bitfinance.