CipherTrace report: Large U.S. banks process $ 2 billion in undiscovered cryptocurrency transfers each year

According to Cointelegraph, blockchain intelligence company CipherTrace released a report that its research department found that each of the top 10 commercial banks in the United States has an unregistered cryptocurrency business and uses their payment network to process funds. These unregistered cryptocurrency service companies (MSBs) include entities such as crypto exchanges. In addition, large banks may process up to $ 2 billion in undiscovered cryptocurrency-related transfers each year.