J.P Morgan Sees Crypto As ‘Competition’ And ‘Risk’ To Its Business In SEC Annual Report

When describing how new competitors have emerged that the risks of JP Morgan's operations are exposed. In this annual report, cryptocurrencies is mentioned under the "Competition" sub-section. This was filed by the American Securities and Exchange Commission (SEC) on its annual report of 2017 on February 27, It is as per the website https://cointelegraph.com

And their JP Morgan Chase added a section on the "risk factor" of the cryptocurrencies section. No such arbitration is required such as cryptocurrencies, this payment processing and its services may be interrupted by the technologies. Both of its financial institutions and their non-banking competitors have to face the risk.