According to online reports, Bank of America (BoA) CEO Brian Moynihan said in an interview with CNBC at the World Economic Forum in Davos, Switzerland that if appropriate regulation makes crypto payments "a reality," then "the banking system will take tough measures on transactions." In this case, crypto transactions will simply be seen as another payment type alongside credit cards, debit cards and Apple Pay., Brian Moynihan said: "We already have hundreds of blockchain patents and we know how to get into the space." He said U.S. banking institutions would be willing to use cryptocurrency for payments if appropriate rules were in place, a sign that the financial industry was still waiting for a clearer signal from regulators before taking action.