CoinBase: Cryptocurrency is the most widely used secure and traceable medium for trading.

CoinBase today posted in its blog that the view that "most cryptocurrency transactions are illegal" is wrong. Studies show that crime accounts for less than 1% of the market. From 2017 to 2020, most fraudulent transactions were made by traditional financial companies. Second, the idea that “cryptocurrency is used to commit crimes more than cash” is wrong, and cash remains the best option for criminals. Although people find cryptocurrencies attractive for money laundering, it has been estimated that 99% of the cryptocurrency market is made up of mid-sized exchanges, which are subject to the same anti-money laundering measures. money / protection. . Moreover, the idea that "cryptocurrency makes it difficult for the police to investigate illegal activity" is incorrect. Since most markets have public research data, it's easier to track cryptocurrencies. These examples show that cryptocurrencies are not a hotbed for criminal or illegal financial transactions, but rather a broad, secure, and traceable medium for commerce.