World’s largest by trade volume cryptocurrency stock market BinanceCEO of Changpeng Zhao made an important statement on the comparison of cryptocurrencies and fiat currencies. According to CZ and his data, cryptocurrencies are much safer than fiat currencies.
Cryptocurrencies Are Safer Than Fiat Coins
The leading blockchain research platform chainalysis Repeating the data transferred by CZ, he shared the conclusion he had obtained from the result. According to the Chainalysis report, the proportion of wallet addresses that made illegal transactions in 2001 is only a fraction of the total cryptocurrency transactions. 0.15%′it corresponds to.
On the other hand, sharing the United Nations comment, CZ stated that the ratio of money laundered to total money in a year globally. 2.5% stressed that. This is about 800 billion dollars to $2 trillion corresponding to the level.
Crypto is safer than fiat.
Chainalysis: Transactions involving illicit addresses represented just 0.15% of cryptocurrency transaction volume in 2021.
United Nations: estimated money laundered globally in one year is 2-5% of global GDP, or $800B – $2 trillion in USD.
Sources 👇
— CZ 🔶 Binance (@cz_binance) May 6, 2022
This ambitious statement by Changpeng Zhao points out that cryptocurrencies are safer than fiat currencies. Announcing the data for 2022 chainalysis, indicates that cryptocurrencies are generally less used by criminals.
The fact that the regulation in the crypto money sector is still at very low levels indicates that the situation may change much more in the coming years.
Increasing regulation in the crypto money industry and tracking each transfer from central crypto money exchanges can further reduce this crime rate. The decentralized sector, on the other hand, may not be under control for many years.