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Bank of America and Citi among banks warning over cryptocurrencies

People Correspondent

Professional Services Correspondent

The chief executives of major US banks including Citigroup and Bank of America have expressed their caution about cryptocurrencies in written testimonies in advance of a US Senate hearing.

The testimonies were filed to the Senate ahead of a remote hearing with the committee on banking, housing and urban affairs focused on the annual oversight of Wall Street firms on 26 May.

US banking chiefs to urge need for controls in cryptocurrency sector

US banking chiefs to urge caution over cryptocurrencies in Senate hearing

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