Bank of America CEO dismisses crypto

05/30 02:28

In a recent interview with Yahoo! Finance, Bank of America CEO Brian T. Moynihan stressed that the banking giant was in no rush to dip its toes into cryptocurrencies. “We are not missing on anything. We are driving payments through the roof,” Moynihan said. While recognizing cross-border payments as a legitimate use case for cryptocurrencies, Moynihan said that stringent regulation prevents it from engaging with the nascent asset class.
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