Most of crypto is still junk’ and lacks use case — JPMorgan blockchain head

[Bitgarden@29]

The head of JPMorgan’s digital assets unit Umar Farooq has suggested that most of the crypto assets on the market are “junk” and that real crypto use cases have yet to fully present themselves.

During a panel discussion at the Monetary Authority of Singapore’s Green Shoots Seminar on Tuesday, 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.