Bank of America says that cryptocurrencies pose a competitive threat to their business

February 24, 2018

In Bank Of America's annual 10-K filing, the bank states 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," Such increased competition may "negatively affect our earnings" or affect "the willingness of our clients to do business with us."

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