Report: The number of cross-border payments by US crypto-exchanges increased by 47% or brought some regulatory difficulties to the authorities

According to Cointelegraph, blockchain security company CipherTrace's latest AML (AML) report shows that since the beginning of 2017, the number of cross-border payments provided by US cryptocurrency exchanges to offshore exchanges has increased by 47%, or to the US authorities. A certain degree of regulatory difficulty has come. CipherTrace analyzed the $164 million bitcoin transaction and said that cross-border payments from the US exchange to overseas platforms rose from 45% in the first quarter of 2017 to 66% in the first quarter of 2019. The report said that this growth is a potential difficulty for US regulators, as these surges in cross-border transactions may not be able to achieve domestic regulation.