Why Is The Cryptocurrency World Being Declared a ‘Scapegoat’?

One of the most controversial investment instruments of recent years. about cryptocurrencies There has been a remarkable development. A study has revealed important findings about why the crypto money world has been declared a ‘scapegoat’. Known for its analysis of blockchain technologies, Chainalysis “Crypto Crimes Report“Binance revealed striking facts.

According to the figures provided by Binance, 0.6% of all cryptocurrency transactions in 2020 consisted of illegal transactions. This rate decreased to 0.15% in 2021. These illegal transactions 14 billion dollars The report, which states that it has a large volume of transactions, is actually compared to traditional finance data, and that illegal crypto currency transactions are camel ear showed that he remained.

Illegal transactions at banks and other financial institutions amount to $2 trillion

According to the same report, an average of 2 per year over banks and other traditional finance companies. trillion dollars illegal action is taking place. This figure corresponds to 5 percent of the world’s gross product. The data shared in the Crypto Crimes Report is compared to traditional financial systems in terms of illegal transactions of the crypto money world. more innocent revealed that. Of course, these 14 billion dollar transactions must be prevented somehow.

So why is it more visible, even though less crime is being committed in the cryptocurrency world?

According to Binance, the low level of illegal transactions in the cryptocurrency world transparent structure thanks to it. Tracking the transactions one by one helps to understand where the illegally obtained money comes from, where it is sent and in how many parts. As a result of these, there are both criminals and grievances are resolved.

This transparency causes a negative perception about the crypto money world on the media side. Since blockchain technology is public and traceable, the media is also making more news. According to Binance, criminals and illicit transactions in the crypto world make up a tiny fraction of global transactions, especially when compared to traditional finance, but the transparency of the technology can create a false perception that there is much more illicit activity than previously thought.

Binance is conducting special studies for the detection of crimes committed through cryptocurrencies!

In a news we shared with you last week, the US Commodity Futures Trading Commission (CFTC) as Binance and Binance boss sued CZ we talked about. CZ made a statement on the events and explained how Binance is collaborating with law enforcement around the world: Binance cooperates with law enforcement in both the US and other countries. As a result of detailed review of 55,000 requests received in 2022 $125 million We have achieved a freeze/confiscation of the fund.

*This content cannot be considered as investment advice.