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GlobalResearch09February2018J.P.MorganPerspectivesDecryptingCryptocurrencies:Technology,ApplicationsandChallengesGlobalResearchSeepage69foranalystcertificationandimportantdisclosures.J.P.Morgandoesandseekstodobusinesswithcompaniescoveredinitsresearchreports.Asaresult,investorsshouldbeawarethatthefirmmayhaveaconflictofinterestthatcouldaffecttheobjectivityofthisreport.Investorsshouldconsiderthisreportasonlyasinglefactorinmakingtheirinvestmentdecision.www.jpmorganmarkets.com!#$%&()*&(+&$,-+#!,.!#$%&()*+,#-.(/0$%&1(.23453567894:7;9(/0$%?)1@/ABA)+CC/01+02+345.+(67-,687+#$2345356789495D8#(*1)&1E$%0,#-.(/0$%&1(.(/0$%?)1@/ABA)+CCJ.P.MorganPerspectivesF)1/*-BA%0/*-B(1@//)%1A)+GH)1E%((0*I!--A1$BA(%+$%JE$)%0)+Completed09Feb201803:36PMESTDisseminated09Feb201803:37PMESTThisdocumentisbeingprovidedforthee