Terry Duffy, CEO of leading derivative market CME Group (NASDAQ:CME), has said that until governments start to accept cryptocurrencies, it is very difficult for major commercial banks to get involved in the market. Duffy made his comments during an interview with Bloomberg published on Feb. 14.
When asked if Bitcoin’s (BTC) price has hit its bottom, Duffy said that he is not sure. The interviewer also brought attention to the JPM Coin, the cryptocurrency soon to be launched by United States banking giant JPMorgan (NYSE:JPM) to increase settlement efficiency, as recently reported by Cointelegraph.