A research conducted by data aggregator and crypto analytics site, Messari, concludes that bitcoin (BTC) is not at all the money-laundering related risk that some authorities tries to paint on the emerging asset class.
According to Messari they have conducted the research because of the recent comments by U.S. Treasury Secretary Steven Mnuchin which painted a very misinformed and a exaggerated picture of how bitcoin is being use to facilitate illegal activities.
Information from Chainalysis and the United Nations Office on Drugs and Crime reveals that fiat cash is still the predominant method of transaction in Darknet to launder money, so much so that it is 800 times for likely being used compared to cryptocurrency.
Perhaps a more pressing concern for national security is the fact that in the last decade the Fed increase currency supply by 13,664% more than BTC did for the sole purpose of maintaining economic policies in the traditional financial system.
Headlines for the world of Cryptocurrencies - July 20, 2019
- Bitcoin Protected By Chinese Property Laws
- The Most Volatile Hour For Bitcoin
- Bitcoin Gains Supporters In Capitol Hills
- Indian Government Sheds Some Light On Crypto Regulations
- Binance Jersey List Its Own Stablecoin Backed By GBP
Headlines for the world of Cryptocurrencies - July 19, 2019
- Power Lunch With Warren Buffet And Justin Tron Adds Circle CEO Jeremy Allaire
- Libra Receives Support From Mother Of Blockchain
- Co-Founder Of Apple Co-Founding Blockchain-Based Energy Savings Firm
- LibertyX Expanding Its Bitcoin ATM Business
- Chinese Internet Users Interested With Facebook’s Libra
Headlines for the world of Cryptocurrencies - July 18, 2019
- Binance Accidentally Discovers Staking Rewards
- More Swiss Crypto Projects Wanting To Be Swiss Banks
- NEO & ONT Working On Next Gen Internet
- Japan Initiates SWIFT-Like Global Crypto Payments Network
- Coinbase Now Giving Trading Signals
