Key findings include:

  • There’s a focus on regulating the distribution and trade in cryptocurrencies, but significant loopholes persist due to fragmented jurisdictions and inconsistent categorization

  • Digital KYC and AML tools, with advanced analytics and machine learning capabilities, can help banks model and cover all points of ingress and egress between fiat and virtual currencies

  • Banks have potential partners in responsible cryptocurrency exchanges, with a number of them adopting self-regulation and pushing local governments for regulatory clarity


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