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Justin Szilard

Justin Szilard is a writer with a formal background in economics and research from the London School of Economics. He is a fan of cryptocurrency, the potential it holds to help bring about a better economy and society.

Bank of America to SEC: Cryptocurrency Creating Pressure To Lower Prices

In an annual report to the SECBank, Bank of America complained that cryptocurrencies pose a threat to their business model by pressuring them to lower prices.

26 2 月, 2018
Justin Szilard
26 2 月, 2018
作者 Justin Szilard
Damage to the front of the Bank of America building in downtown Oakland.

The second largest bank by total assets, Bank of America, detailed in an annual report to the SEC that cryptocurrencies pose a threat to their business model. The bank detailed credit, liquidity, market, geopolitical, and operational risk factors moving into the future, but the threat of cryptocurrencies was a surprising addition to the list.

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