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A person mentioned that Bitcoin is heavily used for money laundering and similar activities. How authentic is this, and does it affect rates, like what's happen

A person mentioned that Bitcoin is heavily used for money laundering and similar activities. How authentic is this, and does it affect rates, like what's happening right now?

fallingsquirrel 2y ago
https://mitsloan.mit.edu/sites/default/files/2022-06/Bitcoin-blockchain%20-%20AER.pdf https://mitsloan.mit.edu/sites/default/files/2022-06/Bitcoin... > illegal transactions, scams and gambling together make up less than 3% of volume.
- bryanlarsen 2y ago
  In other words almost all of the actual transactions, since the other 97% is almost purely speculation.
  - Hammad_khaan 2y ago
    [flagged]
- Hammad_khaan 2y ago
  How? Any proof?
  - fallingsquirrel 2y ago
    Did you read the paper? I'm not going to hold your hand.
    - Hammad_khaan 2y ago
      sorry my bad. I missed it completely