Cryptocurrencies Versus the Central Banks

"Up until now, banks and governments have been apprehensive about the use of cryptocurrencies as they do not meet American banking standards, the directives of The Patriot Act and other regulatory documents, in other words they are not AML compliant," says NAC Foundation CEO Marcus Andrade. "We developed AML Bitcoin to address these concerns and to offer the market a fully lawful alternative. Right now, several American banks are testing the use of our product for interbank transfers. We believe that our solution will save millions in exchange fees."

https://www.fxstreet.com/education/cryptocurrencies-versus-the-central-banks-201710260928