A new report from the Financial Crimes Enforcement Network (FinCEN) reveals that Chinese money laundering networks have laundered over $312 billion through US banks between 2020 and 2024. […]
Banks Challenge Stablecoin Regulations, Seek Law Amendments
Major US banking organizations have raised concerns about a new cryptocurrency regulation bill signed into law last month. The Guiding and Establishing National Innovation for US Stablecoins Act […]
US Banks Explore Cryptocurrency: Shifting Towards Digital Finance
Major US banks are taking cautious steps into the cryptocurrency realm as regulatory shifts drive their exploration of digital assets. Key players like JPMorgan Chase, Bank of America, […]
US Banks Explore Joint Stablecoin Initiative to Safeguard Payment Processing Dominance
Major US banks are taking proactive steps to counter cryptocurrency’s growing influence by exploring a joint stablecoin initiative. JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are […]
US Banks Partner on Stablecoins to Streamline Digital Payments
Major US banks, including Bank of America, have announced plans to launch USD-backed stablecoins for streamlined digital payments. This move aims to position them in the rapidly evolving […]
US Banks Now Authorized to Offer Crypto Custody Services
On May 7, 2025, the Office of the Comptroller of the Currency (OCC) issued Interpretive Letter 1184, providing clarity on cryptocurrency activities for financial institutions. This clarifies that […]