Ninjastic
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Board Bitcoin Discussion
Re: Is Bank of America Scared ? Seems so
by
davide72
on 26/02/2018, 23:38:24 UTC
Quote from: bristolxyz on February 26, 2018, 03:22:34 PM
See
https://www.coindesk.com/bank-of-america-cryptocurrency-risk-factor-annual-report-10-k/

Seems that they are somewhat scared by the competition of crypto...


"In a passage about new competitors in the financial services industry, Bank of America expressed caution about how client preferences could lead them to use products like cryptocurrencies - for which, as it stands, the bank does not offer any support."..

Sounds like it..
Cheers
Yes it could be possible that USA are very scared about crypto in general ,like China too.  What they are very scared is the way the new start up can get very easy financial support from ICO in general. ICO is one of the greatest way to financial a  big project and they don't like this.