Regulation· ★★★· neutral· October 15, 20:07

Record fine for Bank of America undermines banking standards for crypto firms

—Bank of America failed to report $5 billion in transactions
—The bank demanded AML compliance from crypto firms in 2023
—The penalty is a record for the bank

Why it matters: The case weakens banks' argument that crypto firms fail to meet compliance standards.

Source: CriptoNoticias

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