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Is money laundering with crypto even a large percentage of it? A public fully traceable blockchain isn’t great at that… https://cryptoslate.com/money-launderi
by Mistletoe 4y ago
Is money laundering with crypto even a large percentage of it? A public fully traceable blockchain isn’t great at that…
https://cryptoslate.com/money-laundering-0-05-of-all-crypto-transactions-in-2021-chainalysis-report/ https://cryptoslate.com/money-laundering-0-05-of-all-crypto-...
Every exchange has kyc rules. Sure people can fake the kyc but we are splitting hairs here.
We absolutely have to have crypto to avoid the dark maelstrom that is CBDCs.
https://www.finextra.com/blogposting/21584/the-risks-to-society-of-central-bank-digital-currencies https://www.finextra.com/blogposting/21584/the-risks-to-soci...
- mgamache 4y agoNo the vast majority of money laundering is cash. CBDCs will be used to fight that in the next 20 years.
- danaris 4y agoI mean, obviously that's true. The question isn't "is a large percentage of money laundering done through crypto?" It's "is a large percentage of the traffic of crypto money laundering?"