Cryptocurrencies are safer than many think
One of the great debates around digital assets is precisely their apparent contact with criminal activities. Although complaints from government authorities around the world have not stopped coming; The truth is that, as Documenting Bitcoin shows in the tweet of the day, cryptocurrencies are more secure than many could actually imagine
World Economic Forum, "The percentage of identified illicit activity among all cryptocurrencies [...] was less than 1%. This compares with estimates of illicit activity in the economy as a whole, which are on the order of 2-4% of global GDP"
Cryptocurrencies: A Legitimate Exchange Mechanism
Much is said about how easy it is to carry out illicit transactions with cryptocurrencies. Since it is very difficult to trace the identity of the person who carried them out, certain individuals have used it for the trafficking of prohibited goods, or even for the crime of money laundering.
In the same way; In recent months, the world has witnessed how certain exchange platforms suddenly disappear, taking with them the capital of Internet users who at some point bet on it. Such was the case with the Canadian web portal QuadrigaCX in 2018, and Thodex in Turkey in more recent times.
Despite this, cryptocurrencies are safer than these unfortunate events might invite you to think. As seen in the Documenting Bitcoin tweet; The world forum affirmed that only 1% of the illicit activities identified, involves some type of digital currency. Thus, although crypto assets have certainly starred in unfortunate moments in recent years, these are not actually as frequent as you might think
World Economic Forum: The percentage of illicit activity identified among all cryptocurrencies was less than 1%. This compares with estimates of illicit activity in the economy as a whole, which are of the order of 2 to 4% of global GDP .
Thus, it is easy to conclude that in reality, cryptocurrencies are more secure than some might think. It is fair to even say that, thanks to the benefits of Blockchain technology, these assets are actually one of the most transparent mechanisms for conducting transactions today. This is a fact that is well reflected first-hand in our tweet of the day
Cryptocurrencies are safer than many think
One of the great debates around digital assets is precisely their apparent contact with criminal activities. Although complaints from government authorities around the world have not stopped coming; The truth is that, as Documenting Bitcoin shows in the tweet of the day, cryptocurrencies are more secure than many could actually imagine
World Economic Forum, "The percentage of identified illicit activity among all cryptocurrencies [...] was less than 1%. This compares with estimates of illicit activity in the economy as a whole, which are on the order of 2-4% of global GDP"
Cryptocurrencies: A Legitimate Exchange Mechanism Much is said about how easy it is to carry out illicit transactions with cryptocurrencies. Since it is very difficult to trace the identity of the person who carried them out, certain individuals have used it for the trafficking of prohibited goods, or even for the crime of money laundering.
In the same way; In recent months, the world has witnessed how certain exchange platforms suddenly disappear, taking with them the capital of Internet users who at some point bet on it. Such was the case with the Canadian web portal QuadrigaCX in 2018, and Thodex in Turkey in more recent times.
Despite this, cryptocurrencies are safer than these unfortunate events might invite you to think. As seen in the Documenting Bitcoin tweet; The world forum affirmed that only 1% of the illicit activities identified, involves some type of digital currency. Thus, although crypto assets have certainly starred in unfortunate moments in recent years, these are not actually as frequent as you might think
World Economic Forum: The percentage of illicit activity identified among all cryptocurrencies was less than 1%. This compares with estimates of illicit activity in the economy as a whole, which are of the order of 2 to 4% of global GDP .
Thus, it is easy to conclude that in reality, cryptocurrencies are more secure than some might think. It is fair to even say that, thanks to the benefits of Blockchain technology, these assets are actually one of the most transparent mechanisms for conducting transactions today. This is a fact that is well reflected first-hand in our tweet of the day