Bitcoin: Bank of America division bans investments | USA News

AL JAZEERA | on Thu, Jan 4, 4:10 AM

Bank of America Merrill Lynch banned clients from investing in one of bitcoin mogul Barry Silbert's top funds last month, according to a memo, Reuters reported. As of December 8, the Wall Street brokerage stopped approving new orders for the Bitcoin Investment Trust due to concerns about the "suitability and eligibility standards of this product," according to the memo sent to roughly 17,000 brokers at Merrill Lynch and Merrill Edge, a unit for clients who manage their own trades. Bitcoin Inv...

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