Cryptocurrency

Bank of America Establishes Cryptocurrency Research Team

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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:

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“Thanks to our strong industry research team, our leading global payments platform and blockchain expertise, we are in a unique position to take the lead in this bet”

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.

“We do not currently lend in cryptocurrencies and do not work with companies whose priority is cryptocurrency and cryptocurrency trading”

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