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Binance's new CEO: The scale of illicit financial activities involving

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Post time 11-12-2023 20:39:57 | Show all posts |Read mode
Edited by Kitu11 at 22-12-2023 01:11 PM

On December 7th, Richard Teng, the new CEO of Binance, posted on the X platform, stating: "You've seen bankers advocating for the closure of the crypto industry due to illicit activities. But let's look at the facts. I really like the analysis by Dr. Andrzej Gwizdalski, who gathered data from the United Nations, the World Economic Forum, and crypto analysis. As Dr. Gwizdalski said, 'Perspective is crucial when dealing with illicit financial activities. Traditional fiat currencies, such as the US dollar, are involved in about $32 trillion of illicit activities annually, more than 100 times the $20 billion associated with cryptocurrencies. Shouldn't we reconsider this narrative?'
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Post time 11-12-2023 20:47:34 | Show all posts
Illicit financial activities are indeed widespread.
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Post time 11-12-2023 20:53:43 | Show all posts
Money laundering is omnipresent in this regard.
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