US Banks Linked to $312B Money Laundering, Renewing Debate Over Crypto’s Role
U.S. regulators face renewed pressure after revelations that American banks handled more than $312 billion in suspicious transactions tied to Chinese money laundering networks between 2020 and 2024. The figures, published this week in a Treasury Department report from the Financial Crimes Enforcement Network (FinCEN) , paint a troubling picture of the traditional financial system’s […]
Mastercard Tests Tokenized Asset Settlement With Major US Banks
Mastercard teams up with leading US banks to test shared-ledger technology, to streamline tokenized asset settlement. Mastercard Inc. and several of the largest banks in the United States have initiated an innovative collaboration to test shared-ledger technology to facilitate the common settlement of tokenized assets. Commercial bank money, Treasury securities, and investment-grade debt securities are […]