Cash feels immediate, private, and simple, but the law doesn’t treat it as limitless freedom. While you can buy groceries or pay for dinner with bills, certain transactions cross legal lines.
Under the Bank Secrecy Act, banks must file a Currency Transaction Report any time someone deposits more than $10,000 in cash. It doesn't matter if the money came from selling a car, running a ...
Banks, the ECB, and industry groups are advancing tokenized deposits as a key layer in the evolving onchain digital money ...