The CEO of the Bank of America says that banks will introduce crypto with clearer regulations

• The banking sector could introduce cryptocurrency payments if clearer rules apply
• Krypto would be another form of payment such as Visa and Mastercard, said Brian Moynihan
• A new crypto-task force is supposed to create a "clear regulatory framework for crypto-assets".

The CEO of the Bank of America said that the US banking industry will accept cryptocurrency payments if the supervisory authorities issue clearer rules.

In an interview with CNBC At the World Economic Forum in Davos, Switzerland, Brian Moynihan said that all banks will send money digitally these days. He added that if rules are introduced and crypto payments are made "real", "the banking system will come into play hard on the transaction page".

"If you walk along the street and buy a lunch there, it is true if you can pay with Visa, Mastercard, a debit card, Apple Pay, etc.," said Boa CEO. So far, US banks have been reserved in the offer of crypto services for private customers and instead focused on providing institutional products such as Spot-Bitcoin-Exchange-Traded Fund (ETFS).

changes under a Trump administration?

Moynihan's comments come when President Donald Trump started another term in the White House at the beginning of this week.

During his election campaign, Trump indicated a pro crypto posture and has since appointed several pro crypto candidates for various government offices.

The introduction of a new crypto-act force "which is dedicated to the development of a comprehensive and clear regulatory framework for crypto-assets" could give the banks the necessary impetus to enter this area.

In conversation with Coinjournal, Tom Kiddle, co-founder of Palisade, supported a custodian of digital assets regulated by Ripple: "So far, the country has done little to drive a clear regulatory framework for cryptocurrencies. However Mark. “

When Moynihan was asked as an investment option during the interview about cryptocurrencies such as Bitcoin, he waived an answer and explained that the topic was "really a separate question".