Banks vs. stock exchanges – regulators mostly punish fiat, not crypto
While regulators have often targeted projects inside and outside the crypto space, the fines imposed on exchanging digital assets are only a fraction of those imposed on traditional financial institutions.
According to data from Good Jobs First’s violation tracker, the platform is analyzed 50 of the largest fines imposed on major banks, investment firms and brokers in the past 20 years. Bank of America (NYSE 🙂 raised approximately $ 82 billion for 251 different fines, including securities violations, while JPMorgan Chase (NYSE 🙂 and City group (NYSE 🙂 were among the banks with the highest number of fines in the US since 2000, at $ 35.9 billion and $ 25.5 billion, respectively.
Read more on Coin Telegraph
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