Bank of America CEO: We Have Hundreds of Blockchain Patents — But Regulation Won't Allow Us to Engage in Crypto

The CEO of $Bank of America (BAC.US)$ says that his bank has hundreds of blockchain patents but regulations will not allow it to engage in crypto. “The reality is that we can’t do it by regulation,” he said.
Bank of America’s research team has been actively publishing reports on cryptocurrencies. The bank formally established a cryptocurrency research team in July last year. In October, the research team debuted a lengthy report stating that digital assets are “too large to ignore.” The bank also sees a massive opportunity in the metaverse for the entire crypto ecosystem.
$Bitcoin (BTC.CC)$ $Ethereum (ETH.CC)$ $Goldman Sachs (GS.US)$