The head of Bank of America, Brian Moynihan, in an interview with CNBC expressed the view that the banking system is a more reliable tool for storing money than bitcoin and other crypto-currencies.

In addition, the CEO of the American financial conglomerate is convinced that due to their anonymity, crypto-currencies have become popular for money laundering.

"I think the question of anonymous currencies should be evaluated in the context of problems related to controlling the movement of large amounts of money. Half of the total volume of daily payments and transfers of our customers amounting to $ 2 trillion is carried out in digital format. The very idea of ??digital currencies is not new, the main problem is anonymity, "- said the CEO of Bank of America in response to a question about the future prospects of crypto currency.

In addition, Moynihan said, the authorities' control over the movement of money is one of the most important tools for combating terrorism.

"I believe that the issue of the regulation of anonymous currencies requires detailed study, since monitoring information on cash flows is one of the tools in the fight against terrorism.

This is one of the reasons why in the US "the most expensive" are 100-dollar bills. The authorities do not want large amounts of money to move uncontrollably ".

Thus, the head of Bank of America is convinced that the guarantee of the reliability of the banking system lies in the ability to withstand illegal financial transactions.

"In this regard, the banking system is more reliable: it allows you to track payments of persons who can participate in illegal activities," - summed up Brian Moynihan.