Cash will always be king because of its true anonymous nature. Crypto exchanges in the U.S. are obligated to follow a strict compliance regime that makes it easier to "de-anonymize" transactions.
It's law enforcement friendly in the sense that it has an immutable ledger behind it that is public. Cash, on the other hand, is much more difficult-at times, impossible-to trace.
An estimated 2 to 5% of the global GDP is laundered through traditional financial systems every year, equating to between $800 billion and $2 trillion.
Only 0.34% of total on-chain crypto transaction volumes were flagged as potentially illicit in 2023, down from 0.42% in 2022.
Collection
[
|
...
]