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Bank of America CEO says financial industry will jump into crypto payments if regulators allow it

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Summary
Nutrition label

69% Informative

Bank of America CEO Brian Moynihan said that the U.S. banking industry will embrace cryptocurrencies for payments if regulators allow it.

American banks have largely avoided letting customers use crypto for retail transactions, although their institutional trading and wealth management arms have participated in markets for bitcoin ETFs.

"If the rules come in and make it a real thing that you can actually do business with," he said.

VR Score

74

Informative language

76

Neutral language

42

Article tone

formal

Language

English

Language complexity

56

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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