6 years ago
Bank of America Admits Bitcoin is a Threat in SEC Report
In an annual filing to the Security and Exchange Commission, America's second-largest bank has expressed fears over cryptocurrency's potential to undermine the control of major banks. It has long been speculated that Bitcoin and other cryptocurrencies pose a threat to major banks and traditional financial institutions. Now, Bank of America admits it could be forced to deal with the “substantial” costs associated with the emerging market.
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