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Cryptopolitan 2019-12-17 04:27:34

Around $2bn crypto transactions in the US go undetected

The US-based cryptocurrency intelligence firm CipherTrace released a report on Monday that revealed and that around two billion US dollars ($2 billion) crypto transactions are carried out unknowingly by leading commercial banks in the US. The Chief financial analyst at CipherTrace, John Jefferies, writes in his report that he is yet to find a US bank whose payment network hasn’t facilitated crypto transactions. At least ten leading retail banks in the US report unrecorded crypto money transfers, with most of the funds stemming from cryptocurrency-related money service businesses (MSBs) like exchange platforms and broker-dealers. Top US banks facilitate crypto transactions

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