Cryptocurrencies pose serious THREAT
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'The bank said there is a risk that its customers could turn to cryptocurrencies adding that, "Clients may choose to conduct business with other market participants who engage in business or offer products in areas we deem speculative or risky, such as cryptocurrencies."'
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Bank Of America Can Lose Business
I'm not sure whether they are panicking yet. But at the moment they sure have all the weapons to fight cryptos for a long while:
"Forbes /Investing /#StockWatch
FEB 5, 2018 @ 09:55 AM
Another blow for the crypto-traders: A sizable number of banks are not allowing their customers to use their credit cards to buy cryptocurrencies. This had been triggered over the weekend when U.S. banks Bank Of America, Citigroup, JP Morgan, Capital One and Discover banned their customers from purchasing cryptocurrencies."
http://archive.is/ZVZim
they can stop you from using 'credit card' but can't do anything if you use your own money . it all depends how soon will people adopt crypto's on large scale ...
True: Credit cards are their money and your money is yours. The question which online method can be used? Once this is solved there would be instant surge in cryptocurrencies trading.
Well they've propped up their fight against cash for a while now. Cash of course is rarely used to buy crypto currencies, but one has to admit that in contrast e-cash is way easier to track.
They might not be able to stop you from buying cryptos yet. But they might easily track your purchases of them. This information they could someday use to fight you, once cryptos have been outlawed.
That's of course is just my layman opinion and I'm hope that I'm wrong...
Nice news, great