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What the NYT and Washington Post Op-Eds Get Wrong About Crypto

1 year ago
in Crypto Updates
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First, and most critically, solely a small fraction of crypto is used for illicit exercise, far lower than we see in conventional finance, which in accordance with the United Nations might be as much as 5% of world GDP. Per analytics agency Chainalysis, cash laundering accounts for lower than 0.5% of all crypto transaction flows. That is additionally lowering steadily over time. At the same time as crypto utilization rose in 2023, the amount of cash laundering in crypto fell from $31.5 billion in 2022 to $22.2 billion in 2023. No important quantity of illicit exercise is suitable, however to single out crypto because the villain is each inaccurate and drained.



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Tags: cryptoNYTOpEdspostWashingtonWrong
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