According to Bloomberg’s report, Bank of America established a crypto money research team.
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Candace Browning, leader of Bank of America Global Research, described crypto as one of the fastest growing technologies:
Alkesh Shah, founding member of the bank’s Data and Innovation Strategy Cluster, will lead the research group.
As it will be remembered, the bank had previously started stock trading processes on the blockchain.
However, according to the latest statement from CEO Brian Moynihan, the bank still maintains the crypto investment ban.