{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=IT&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=Bank+of+America+allegedly+exploring+cryptocurrency+research&text=The+Bank+of+America+has+reportedly+put+together+a+new+team+to+explore+where+blockchain+and+cryptocurrencies+might+integrate+with+its+offering.&text=The+Bank+of+America+has+allegedly+put+together+a+new+team+to+research+cryptocurrency+and+digital+currencies.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0A%3Ca+href%3D%22https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2021-07-08%2Fbofa-debuts-cryptocurrencies-research-team-led-by-alkesh-shah%22%3EAccording+to+a+report+by+Bloomberg%3C%2Fa%3E%2C%C2%A0+the+new+team+will+be+headed+up+by+the+current+data+and+innovation+strategy+group%27s%C2%A0+Alkesh+Shah.+The+team%2C+along+with+Mamta+Jain+and+Andrew+Moss+from+the+Bank+of+America%2C+will+be+looking+at+digital+innovation+and+how+cryptocurrency+might+be+harnessed+by+the+bank.+The+team+will+be+reporting+to+Michael+Maras+-+who+is+said+to+be+the+head+behind+overseeing+global+currencies+and+commodities+research.+In+the+report%2C+Candace+Browning%2C+the+head+of+global+research+at+the+Bank+of+America+noted%3A+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0A%3Cem%3E%E2%80%9C+%3Ca+title%3D%22Is+Crypto+Trader+Legit%3F%22+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fcrypto-trader-review%2F%22+data-replaced%3D%22true%22%3ECryptocurrencies%3C%2Fa%3E+and+digital+assets+constitute+one+of+the+fastest-growing+emerging+technology+ecosystems.+We+are+uniquely+positioned+to+provide+thought+leadership+due+to+our+strong+industry+research+analysis%2C+market-leading+global+payments+platform+and+our+blockchain+expertise.%E2%80%9D%3C%2Fem%3E%0A%3Ch2%3EBank+of+America+critical+of+Bitcoin+but+exploring+blockchain%3C%2Fh2%3E%0ADespite+the+alleged+intrigue+in+how+the+Bank+of+America+might+be+exploring+to+use+cryptocurrency%2C+there+are+analysts+from+the+Bank+who+have+slated+cryptocurrencies+%28including+%3Ca+title%3D%22Bitcoin+Evolution+Test+%26amp%3B+Review%22+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fbitcoin-evolution-review%2F%22+data-replaced%3D%22true%22%3EBitcoin%3C%2Fa%3E+and+other+altcoins%29+for+their+unstable+nature+and+volatile+price+swings.+Brian+Moynihan%2C+the+CEO+of+the+bank%2C+commented+earlier+this+year+that+the+bank+%22%3Cem%3E%5Bdoes%5D+not+lend+against+cryptocurrencies+and+%5Bdoes%5D+not+bank+companies+whose+primary+business+is+cryptocurrency+or+the+facilitation+of+%3Ca+title%3D%22Trading+Application%22+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Ftrading-platforms%2F%22+data-replaced%3D%22true%22%3Ecryptocurrency+trading%3C%2Fa%3E+and+investment.%3C%2Fem%3E%E2%80%9D+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0AWhile+this+might+be+the+case%2C+the+Bank+could+be+exploring+adoption+slowly.+There+might+not+be+a+turnaround+and+Bitcoin+integration+in+its+offering%2C+but+it+might+be+a+case+of+utilising+blockchain+technology+to+look+at+contracts+and+stock+trades.+As+more+users+become+familiar+with+blockchain+and+the+complexities+of+secure+technology%2C+we+might+see+other+institutions%2C+like+the+Bank+of+America%2C+softening+their+stance+on+cryptocurrencies+and+another+digitally-based+tender.","timeout":15}