According to Bloomberg’s report, Bank of America has set up a cryptocurrency research team.

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Candace Browning, head of Bank of America Global Research, described crypto as one of the fastest growing technologies:

“With our strong industry research team, market-leading global payments platform and blockchain expertise, we are uniquely positioned to take the lead in this.”

Alkesh Shah, a founding member of the bank’s Data and Innovation Strategy Group, will lead the research team.

As it will be remembered, the bank had previously started stock trading transactions on the blockchain.

However, according to the latest statement from CEO Brian Moynihan, the bank is still keeping the crypto investment ban in effect.

“We do not currently lend in cryptocurrencies and do not work with companies whose priority is cryptocurrency and cryptocurrency trading”