### Bank of America CEO: Eager to Enter the Cryptocurrency Space#

Bank of America CEO Brian Moynihan said that the US banking industry would embrace cryptocurrency payments if regulators allowed it, and that they are eager to enter the cryptocurrency space. He believes that if clearer regulations for cryptocurrency use are established, financial institutions would be happy to facilitate cryptocurrency payments. This means that Bank of America and other financial institutions are already prepared to actively participate in the crypto payment sector once regulators clarify the rules. While it is unclear when regulators will release clear rules, Bank of America’s statement indicates that traditional financial institutions are showing increasing interest in cryptocurrency, and it could potentially drive the adoption of cryptocurrency payments. Bank of America already holds hundreds of blockchain patents, which demonstrates their technological readiness. Therefore, Bank of America's statement could mark the beginning of a cryptocurrency payment revolution, and the regulators' decision will determine the direction of the future of money.