Bitcoin is used to launder money too, but that's simply…
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Bitcoin is used to launder money too, but that's simply because Bitcoin is money. As a result, thugs are looking for every possible means to carry out their illegal activities.
Nevertheless, the world's thieves quickly realized that the transparency and openness of the Bitcoin blockchain was a major handicap to carrying out money-laundering operations out of sight of the authorities.
After testing Bitcoin, thieves realized that the U.S. Dollar system was much more welcoming to their illegal activities. This is confirmed by data published by a United Nations agency specializing in this field.
Since 2017, this agency estimates that over $20,000 billion has been laundered via the US Dollar. At the same time, "only" $33 billion has been laundered via the Bitcoin system. This represents an enormous differential. The US dollar was therefore used 606 times more than Bitcoin over the period to launder money:
https://www.publish0x.com/in-bitcoin-we-trust/the-numbers-don-t-lie-the-us-dollar-has-been-used-606-times-xlgerwm
#MoneyLaundering #USDollar #Bitcoin #Authorities #UnitedNations
Nevertheless, the world's thieves quickly realized that the transparency and openness of the Bitcoin blockchain was a major handicap to carrying out money-laundering operations out of sight of the authorities.
After testing Bitcoin, thieves realized that the U.S. Dollar system was much more welcoming to their illegal activities. This is confirmed by data published by a United Nations agency specializing in this field.
Since 2017, this agency estimates that over $20,000 billion has been laundered via the US Dollar. At the same time, "only" $33 billion has been laundered via the Bitcoin system. This represents an enormous differential. The US dollar was therefore used 606 times more than Bitcoin over the period to launder money:
https://www.publish0x.com/in-bitcoin-we-trust/the-numbers-don-t-lie-the-us-dollar-has-been-used-606-times-xlgerwm
#MoneyLaundering #USDollar #Bitcoin #Authorities #UnitedNations
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