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Ciphertrace Says Banks Unknowingly Process $2 Billion in Crypto per Year
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According to the blockchain analysis firm Ciphertrace, major U.S. banks process roughly $2 billion in digital currency transactions that go undetected every year. Ciphertrace disclosed a slew of financial institutions have not deployed the right KYC/AML infrastructure to detect unregistered cryptocurrency transfers. Also read: US to Strictly Enforce Crypto Rules Similar to FATF Guidelines All […]The post Ciphertrace Says Banks Unknowingly Process $2 Billion in Crypto per Year appeared first on Bitcoin News.
https://news.bitcoin.com/ciphertrace-says-banks-unknowingly-process-2-billion-in-crypto-per-year/
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