“The CEO of Bank of America stated the possibility of crypto settlement in the future, subject to approval from the regulator.”, — write: epravda.com.ua
The CEO of Bank of America stated the possibility of crypto settlement in the future, subject to approval from the regulator. This was stated by Bank of America CEO Brian Moynihan in Davos, reports CNBC. U.S. banks typically do not allow customers to use cryptocurrency for transactions, although their institutional trading and wealth management divisions participate in the Bitcoin ETF markets. Industry leaders, including JPMorgan Chase CEO Jamie Dimon, have called bitcoin the currency of criminals and fraudsters. On the other hand, Bank of America CEO Brian Moynihan suggested the possibility of allowing cryptocurrency transactions subject to regulatory approval. “If regulations are passed that make cryptocurrency a real thing to do business with, you’ll see the banking system crack down on transactions. We already have hundreds of blockchain patents, we know how to get into this space.” Moynihan said. As a reminder, Bitcoin renewed its all-time high price and reached a peak of $109,007 as of 09:06 on Monday, January 20.