Since these are key banking regulations, banks can enforce them with cryptos. This way, the banks can help to avoid illegal activities and scams. They can also prevent malicious transactions on crypto trading platforms. Banks may be able to automate KYC and AML verifications when linked to blockchain technology

Blockchain technology is one of the most talked about topics in the sphere of information technology as well as in the facilitation of NFT. Cryptocurrencies are the most well-known and well publicized application of blockchain technology