Why Bank Of America Is Slamming Cryptocurrencies | CNBC

Bank of America's chief of operations and technology officer says a safe market is a transparent one and the cryptocurrency market is far from transparent.

About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online

Why Bank Of America Is Slamming Cryptocurrencies | CNBC

[kymanni]

She's knows with cryptocurrencies we don't need banks.

[TheOrleanian]

Confirmed: Bank of America won't be around in the next decade. Pull all your investments now.

[ReevansElectro]

By that logic, we should get rid of CASH because we don't know who gives what amount of money to whom.

[pcefsbx]

Your lost. BoA will be the first to fall when the dollar collapse.

[lewisrashe]

This woman sounds like the NSA do your really want banks and the governments to track your most valuable data of all which is all your financial transactions. No thank you he who trades liberty for safety deserves neither.

Also she talks about transparency seriously your kidding right? Bank balance sheets are the most opaque on earth.

[Mikenike]

put $20, 000 in bank of America. they invest your money and get 10%. they give you as a bonus .01% . lol.

[kymanni]

Trying to discredit cryptocurrencies sounds like another case of ac vs dc. Innovation always wins.

[jyo]

she never said she doesnt support blockchain she just doesnt like bitcoin JPmorgan is making their own blockchain tech and i can garantee you that BOA will make their own too

[odstar]

Bank of America is working on their own cryptocurrency, ICO platform, Blockchain, Bitcoin ATMs in 2018. SEC already gave 1st place award to Bank of America

[lowtempo]

she know nothing about cryptocurrency and SAD!

[singhposhan]

It’s not your money 👊👊👊.... we’ve rights to decide what we’re going to do with it ...

[theempath]

That’s only one reason! The U.S. dollar has the power to sanction other countries! When we don’t bank with American financial centers, they can’t abide by sanctions by refusing transactions! That’s what I think! Anyone else?

[TheCornbeefsoup]

How ironic being that BOA ceo claims they have more patents in blockchain technology than anyone else

[Parouty]

The idea behind bitcoin is to ensure no central authority over a digital currency. period. The idea of fiat, which is essentially "I owe you gold" is to ensure gold is repayable to merchants that earned them in the first place.

[SlothyWoffy]

I laugh when these people say Bitcoin is anonymous.

[certifiedbrainsurgeon]

So what’s transparent of rich folk using offshore bank accounts and other secret bank accounts to evade tax?

[valmontstudios]

Little do they realize, the protection we need is from them.

[ValueAcademia_Research]

Hahaha, comparing fiat money as crypto. It makes me laugh. That is talk for muggles

[climatetech]

She afraid because there are no million dollar salaries in crypto to sit her butt in a corner office exchanging emails all day.

[rashidhamdan]

Mrs Mrs Emily is legit and her method works like magic I keep earning every single week with her new strategy