Crypto Myth Busting Report

This blog is a preview of our Crypto Myth Busting Report. In the United States, crypto businesses that qualify as money services businesses (MSBs) are required to comply with anti-money laundering and counter-terrorist financing (AML/CFT) requirements under the Bank Secrecy Act. It’s impossible to know what cryptocurrency businesses do with their crypto, and therefore cryptocurrency businesses are too risky for banks to interact with. And due to the inherent transparency of blockchains, banks can see all of these companies’ crypto transactions in real time. Download the full report here to learn about 28 additional myths, including a discussion of what the future holds for crypto!