US Banks Processed $312B in Questionable Funds, Yet Crypto Faces Scrutiny

Recent findings indicate that American financial institutions facilitated the movement of approximately $312 billion in potentially illicit financial transactions. Despite this, critics persist in blaming cryptocurrencies for money laundering and illegal activities. This discrepancy raises questions regarding the double standards applied to different financial sectors, with traditional banks often receiving less scrutiny compared to crypto assets, even when handling significant volumes of dubious funds. Data suggests that a substantial portion of illicit money flows through conventional banking systems, underscoring the need for enhanced regulations and improved oversight across all forms of financial transactions. Effectively combating money laundering requires a comprehensive approach that addresses risks in both traditional and digital finance.