50% Of Bitcoin Transactions Associated With Illegal Activity
23In a panel speech honoring Benoît Coeuré, a member of the executive board of the European Central Bank, Lael Brainard highlighted the perceived risks still posed by cryptocurrencies.
Brainard: crypto exchange security troubling
Specifically selected for the panel, which formed part of the “Monetary Policy: The Challenges Ahead” event in Frankfurt, Germany, was illicit activity involving Bitcoin.
According to Brainard, who cited an academic study from earlier this year, Bitcoin still contains a significant malicious user base.
“Only a third of the most popular exchanges require ID verification and proof of address to make a deposit or withdrawal. This is troubling, since a number of studies conclude that cryptocurrencies support a significant amount of illicit activity,” she told the audience.
Continuing, Brainard added that as much as 50% of all Bitcoin transactions were in some way conducted against the law:
“One study estimated that more than a quarter of bitcoin users and roughly half of bitcoin transactions, for example, are associated with illegal activity.”
DECLAIMER - WE DO NOT OFFER OR GIVE FINANCIAL ADVICE !
AS I ALWAYS SAY - DO YOUR RESEARCH - AND ASK LICENSED PROFESSIONAL
TO SUPPORT THIS TRANSMISSION PLEASE SHARE THIS VIDEO !
Thank you for your Support !
-~-~~-~~~-~~-~-
Please watch: "Mike in The Night ! - The Great Reset - #mikeinthenight #talkshow #Thegreatreset"
https://www.youtube.com/watch?v=D3SCIZ0zge4
-~-~~-~~~-~~-~-