Bank of America recognized the cryptocurrency as a competitor

Bank of America recognized the cryptocurrency as a competitor
Bank of America has recognized cryptocurrency as a threat to its business. The management of the bank filed a report to the US Securities and Exchange Commission on the form of K-10, in which it reports that the cryptocurrency limits the ability to monitor financial flows. Thus, Bank of America became the first institutional organization to declare growing risks from the cryptocurrency. According to bitGuru, the report noted that the spread of clearing services for cryptocurrencies on the part of payment systems is gradually enticing the ...
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