Bank of America CEO Brian Moynihan said Tuesday that the U.S. banking industry will embrace cryptocurrencies for payments if regulators allow it.

The Federal Reserve now needs to be on Trump watch if it wants to engineer the proper dose of monetary policy, according to Bank of America chief Brian Moynihan.

Bank of America's CEO Brian Moynihan has said that the US banking industry is ready to adopt cryptocurrencies for payments, if given the green light by regulators. Speaking during an interview at the World Economic Forum in Davos, Switzerland, Moynihan shared his thoughts on the industry's possible shift toward crypto.

Bank of America CEO sees crypto adoption in banking likely if regulatory clarity emerges, focusing on non-anonymous, verified transactions.

Bank of America CEO Brian Moynihan says US banks will start providing crypto payment services if federal regulators ever approve it.

Bank of America CEO Brian Moynihan affirms that the banking industry is prepared to embrace crypto if the regulatory framework allows it.

Bank of America Corp (NYSE: BAC) chief executive Brian Moynihan says the Wall Street banks are all geared up to embrace cryptocurrencies – all they need is a push from the US regulatory authorities. His comment follows the inauguration of Donald Trump who’s been rather vocal in favour of the crypto industry.