Cryptocurrency | ||||||
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Cryptocurrency 101 Cryptocurrency is a digital form of currency that is transferred directly between two individuals without a middleman. It's not tangible like cash, coins, or gold — it exists only digitally. To secure transactions, cryptocurrency makes extensive use of encryption techniques, or cryptography, which gives the ...
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Bank of America is Concerned About Cryptocurrency Risk, Fintech in General as Competition ... In this years Annual Report, it has been widely noted that B of A has listed Cryptocurrency as a risk to its operations going forward. Bank of America is concerned that legal requirements that demand they comply with anti-money laundering (AML) and know your customer rules (KYC) may be a challenge ...
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