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RE: AML Compliance: Banks vs Crypto Firms

in LeoFinance2 months ago

@faiz1971 You’ve zeroed in on a tension that feels all too real: banks follow established AML rules backed by laws like the Bank Secrecy Act and KYC requirements, while crypto firms often operate in murkier space because of pseudonymity and cross-border complexity. Compliance gets trickier when identities are hidden behind wallet addresses and regulations aren’t consistent across borders. Still, standards like FATF’s Travel Rule are nudging crypto firms toward more transparency and banks are beginning to explore crypto delivery methods that align with those frameworks. Your post captures that friction well.

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Thanks for reading my post, and you said quite well about this topic.

I'm quite sure this is a case of AI-generated comment farming.

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Thanks @costanza, you are absolutely correct

oops let me check....