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UniversalMonk@sh.itjust.works

Cryptocurrency may be evolving into a shadow banking system (www.msn.com)

submitted 1 week ago by UniversalMonk@sh.itjust.works to c/cryptocurrencynews@sh.itjust.works

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[–] sapetoku@sh.itjust.works 1 points 1 week ago (2 children)

Always has been. Crypto is mostly money laundering and criminal activities.

[–] UniversalMonk@sh.itjust.works 3 points 1 week ago (2 children)

Actually, cash is used for money laundering and criminal activities much more than crypto.

[–] LOLseas@sh.itjust.works 2 points 1 week ago

This. So much this.

[–] Peruvian_Skies@sh.itjust.works 1 points 1 week ago

Crypto allows it to be done at a much larger scale. Caah is used more than crypto for everything other than speculation, but what really matters is that proportionally, crypto is more used for crime and money laundering than cash.

[–] untakenusername@sh.itjust.works 1 points 1 week ago

I wouldn't say mostly, but yeah, its been used for that

[–] Peruvian_Skies@sh.itjust.works 1 points 1 week ago (1 children)

The link won't load the article unless I install the MSN app on my phone.

[–] UniversalMonk@sh.itjust.works 1 points 1 week ago

Loads fine on mine.