A very common argument used against crypto is that it is used for money laundering. Reports and news articles frequently come about to support those claims with numbers: one of the latest reports claims $2.35 billion worldwide. Well that sounds gigantic of course. However, those clickbait artists usually omit to mention that worldwide money laundering is estimated between $800 billion - $2 trillion:
That means that only between 0.12 - 0.29% of worldwide money laundering is done by using cryptocurrency!
This puts it in a whole different perspective obviously and in fact a much less relevant issue than some pessimists want to make it appear.
So whenever someone starts using the money laundering argument and statistics, you'll have some counter statistics as well!
That means that only between 0.12 - 0.29% of worldwide money laundering is done by using cryptocurrency!
This puts it in a whole different perspective obviously and in fact a much less relevant issue than some pessimists want to make it appear.
So whenever someone starts using the money laundering argument and statistics, you'll have some counter statistics as well!