I have no clue what forum to post this in, because it's on finance.
We have a couple of clients in the US in the Cannabis sector that have about $20 MM in physical cash and they want to move it to crypto. The problem with moving that much cash into a bank is the FDIC regulated banks have issues with money from cannabis and other community banks that handle cannabis won't take in this much cash at once.
Any clues on banks or institutions that can help with this transaction?
thanks (except for the smart ass comments that will follow of course. ha)
If you are trying to move the funds all at once then you are going to face issue for sure, just use the US regulated exchange since US doesn't allow the global exchanges to operates there.
Other way is to trade via peer to peer trading platforms where you are going to interact with some random users but you need to trade with hundreds of people to convert huge amount of physical cash into BTC.