Banks and exchanges-regulators overwhelmingly penalize fiat currencies, not cryptocurrencies Author: Cointelegraph

Banks and exchanges-regulators overwhelmingly penalize fiat currencies, not cryptocurrencies

Although regulators often target projects inside and outside the encryption field, the fines imposed on digital asset exchanges are only a small part of the fines imposed on traditional financial institutions.

According to Good Jobs First’s violation tracker, the platform analyze In the past 20 years, the 50 largest regulators imposed fines on major banks, investment companies, and brokers.Bank of America (NYSE:) has accumulated approximately US$82 billion, covering 251 different fines, including securities violations, while JPMorgan Chase (NYSE:) and Citigroup (NYSE:) is also one of the most fined banks in the United States since 2000, with total fines of US$35.9 billion and US$25.5 billion respectively.