tldr; A report by HSI agent Robert Whitaker highlights that cash remains the preferred tool for criminals, not cryptocurrencies. The report emphasizes that regulated crypto platforms aid law enforcement by leveraging blockchain transparency to combat crime. Data shows a minimal percentage of crypto transactions are illicit compared to traditional finance. The report advocates for integrating blockchain’s ‘Know Your Transaction’ tools with traditional compliance to enhance risk assessment and security, countering misconceptions about crypto’s role in crime.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
middlemangv on
Surprise, surprise… who would have thought.
I doubt that anyone on this sub thought otherwise.
hiorea on
Fiat is loser at everything. Proof: just see any fiat/btc chart
goldyluckinblokchain on
Shock horror
timbulance on
Cash is king
InclineDumbbellPress on
Color me shocked. You wont hear the government say this about cash – No no crypto is the root of all financial evils
DaRunningdead on
we have been saying this since the genesis block was mined
Baecchus on
Saying cash bad is low hanging fruit, but how much is this is caused by the fact that cash is used a billion times more and actually accepted everywhere instead of niche magic internet money?
Jasonmun8 on
Tell that to Elizabeth Warren that lady makes my blood boil
kirtash93 on
I always pay my drug dealer with cash.
4inalfantasy on
Small criminals will always use cash, since it easier, only middle type organisation will used crypto, large / complex crime syndicate also will never use crypto because of the mysterious origin of Crypto AG in 1970 will make them think twice.
Eurothrift on
Guns are still preferred over mouses. What a post…. Moon magnet
12 Comments
tldr; A report by HSI agent Robert Whitaker highlights that cash remains the preferred tool for criminals, not cryptocurrencies. The report emphasizes that regulated crypto platforms aid law enforcement by leveraging blockchain transparency to combat crime. Data shows a minimal percentage of crypto transactions are illicit compared to traditional finance. The report advocates for integrating blockchain’s ‘Know Your Transaction’ tools with traditional compliance to enhance risk assessment and security, countering misconceptions about crypto’s role in crime.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Surprise, surprise… who would have thought.
I doubt that anyone on this sub thought otherwise.
Fiat is loser at everything. Proof: just see any fiat/btc chart
Shock horror
Cash is king
Color me shocked. You wont hear the government say this about cash – No no crypto is the root of all financial evils
we have been saying this since the genesis block was mined
Saying cash bad is low hanging fruit, but how much is this is caused by the fact that cash is used a billion times more and actually accepted everywhere instead of niche magic internet money?
Tell that to Elizabeth Warren that lady makes my blood boil
I always pay my drug dealer with cash.
Small criminals will always use cash, since it easier, only middle type organisation will used crypto, large / complex crime syndicate also will never use crypto because of the mysterious origin of Crypto AG in 1970 will make them think twice.
Guns are still preferred over mouses. What a post…. Moon magnet