Foreign News: The big banks have helped convert an estimated $ 2 trillion into black money, which is 10 times the current market value of Bitcoin.
According to CryptoPotato, the United States Financial Crime Network (FinCEN) has received thousands of attack report data (also known as SAR) sent to its network by banks. Banks must provide SAR information to prevent transactions. SAR data was sent to FinCEN between 2000 and 2017, and is approximately $ 2 trillion in market value 10 times the market value of Bitcoin. FinCEN will send the SAR to the police for further investigation, but that agency will not force banks to enter deals with unscrupulous individuals or companies. However, some major banks, including HSBC, Standard Chartered Bank, Bank of America, Citibank, JPMorgan Chase, and American Express, continued to send money to the defendants. Some of these banks have been subject to illegal payments or fines. There is a lot of data showing that Bitcoin is not used for illegal trading as most people think. In fact, only 0.5% of the Bitcoin market is involved in fraud.
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