- Management, or at least the lawyers at Bank of America (NYSE:BAC) are taking bitcoin seriously, adding cryptocurrencies to the list of "risk factors" in the bank's latest 10-K.
- "The widespread adoption of new technologies, including internet services, cryptocurrencies and payment systems, could require substantial expenditures to modify or adapt our existing products and services."
- BofA is among those leading institutions that have blocked customers from using plastic to invest in cryptos. Its wealth-management clients are also restricted from these types of investments.
- Bitcoin today is up 4.7% to $10,310.
- Related tickers: OTCQX:GBTC, COIN, RIOT, OSTK, SSC, MARA, UEPS, OTC:BITCF, XNET, GROW, OTCPK:BTSC, OTCQB:BTCS, OTCQB:MGTI, OTCPK:BTLLF SRAX, OTCPK:GAHC, OTC:ARSC, OTCPK:USTC, OTCPK:BLKCF, COINB, LFIN
- Now read: MGT Capital Investments: High Ambitions Vs. Market Realities Not Enough Visibility To Mitigate High Risks
Original article