Bank of America CEO Brian Moynihan says US banks will start providing crypto payment services if federal regulators ever approve it.
In a new interview with CNBC at the World Economic Forum in Davos, Switzerland, Moynihan says US banks are prepared to start offering crypto services if US President Donald Trump’s administration gives the go-ahead.
“If the rules come in and make it a real thing that you can actually do business with, you’ll find that the banking system will come in hard on the transactional side of it.”
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The CEO of the second largest US bank by assets under management believes crypto could be used as a form of payment for everyday transactions, which the American banks would facilitate.
“If you go down
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