Bank of America Acknowledges the Threat Posed by Cryptocurrency (

For all the inroads that bitcoin has made on the current financial system, it has yet to threaten their ascendancy. The CEOs of Paypal, Visa, and other legacy payment systems may have been monitoring the rise of cryptocurrencies, but they have not been losing sleep over them. Now, in a frank report to the SEC, Bank of America has acknowledged a range of threats that could affect its hegemony – and one of them is cryptocurrency.
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