FinCEN , Financial Crimes Enforcement Network is a financial intelligence agency of U.S Treasury.

Todays have many news about FinCen files. too many global giant banks placed in files for money laundering transactions, damaging sanctions, ponzi schemes and terror financing.

Here are the some news links about this case:

https://www.bbc.com/news/uk-54225572

https://www.straitstimes.com/business/banking/fincen-documents-reportedly-show-banks-moved-illicit-funds-media-reports

https://www.icij.org/investigations/fincen-files/global-banks-defy-u-s-crackdowns-by-serving-oligarchs-criminals-and-terrorists/

https://www.premiumtimesng.com/news/headlines/416150-fincen-files-america-places-atiku-wives-under-international-banking-surveillance.html

https://www.businessinsider.com/biggest-revelations-that-came-out-of-the-leaked-fincen-reports-2020-9

https://cointelegraph.com/news/hsbc-stock-hits-25-year-low-5-things-to-watch-in-bitcoin-this-week

nearly 2 trillion USD with banks all around in the world.

sharp pike down expected in banking sector at many exchanges.

it may indirectly negative effect cryptocurrency and especially DeFi tokens at first shockwave, later recover.

FinCen files can accelerate tighter regulations in conventional banking and also in decentralized finance & cryptocurrency.

watch market carefully is the key.

My original post is in : https://read.cash/@SnowUnderSun/fincen-files-will-side-effect-to-defi-crypto-401fb92c