Walt Disney, Fox Corporation and JP Morgan are among the 20 listed U.S. companies that have some exposure to cryptocurrencies and digital assets, according to Bank of America or Bank of America.

Companies such as Morgan Stanley, Signature Bank and Warner Music Group also have some influence on digital assets, according to a BofA report released on Monday.

In total, 20 companies identified by Bank of America rated their shares as “buyable” or “neutral” by America’s second largest bank in terms of assets under management.

As part of the report, BofA ranked these companies as targets for significant growth in market value through interactions with digital assets.

According to an earlier report by Cointelegraph, a recently published paper from BofA offered an optimistic view of cryptocurrencies, including non-perishable tokens, or NFT, decentralized finance or DeFi.

BofA also argued that digital real estate cannot be ignored for long, and that decentralized technology will continue to permeate many aspects of human life.

“In the near future, you can use blockchain technology to unlock your phone; buy a share, a house or part of a Ferrari; make money on loans, loans or savings; or even for petrol or pizza, ”is an excerpt from the report.

Related topics: Gensler confirms that the SEC will not ban cryptocurrency … But Congress can

However, BofA has identified regulatory uncertainty as one of the biggest short-term obstacles to the new digital asset area.

Cryptocurrency laws continue to target regulators around the world with a diverse set of favorable and stringent measures taken by financial regulators in many jurisdictions.

In the United States, many politicians are calling for stricter crypto-regulations, which critics say could stifle innovation in America. The banking giant also used the publication of the report to launch its digital real estate research unit. In fact, the Cointelegraph reported in July last year that Bank of America was preparing to set up a cryptocurrency research team.

Source: CoinTelegraph

LEAVE A REPLY