Richard

Coin

<ul class="news-points"> 
 <li><strong>Binance CEO challenges the narratives from the banks regarding crypto’s association with illicit activities.</strong></li> 
 <li><strong>Data shows fiat currencies like the U.S. dollar are implicated in $3.2 trillion in illegal activities annually.</strong></li> 
 <li><strong>However, crypto’s roles in global fraudulent activities constitute less than 1%</strong></li> 
</ul> 
<p>In a recent post on X, Binance CEO Richard Teng shared a viewpoint that challenges the prevailing narratives from the banking sector regarding cryptocurrency’s alleged association with illicit activities. Teng highlighted facts from an authority source to counter the frequent calls to shut down crypto based on alleged ties to criminal activities.&nbsp;</p> 
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   <p lang="en" dir="ltr">You have seen bankers advocating shutting down crypto industry because of illicit activities. But let’s look at facts. Loved this analysis from Dr Andrzei Gwizdalki who complied data from UN, WEF and Cryptoanalysis. As Dr Gwizdalki states “Perspectives is crucial when addressing…</p>— Richard Teng (@_RichardTeng) <a href="https://twitter.com/_RichardTeng/status/1732637107699487015?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 7, 2023</a>
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<p>Specifically, the Binance CEO <a href="https://www.oodaloop.com/archive/2023/10/08/crypto-fraud-is-less-than-1-of-the-annual-3-2-trillion-in-illegal-activity-in-the-traditional-fiat-monetary-system/" target="_blank" rel="nofollow">quoted</a> an analysis conducted by Andrzej Gwizdalski, a lecturer at the University of Western Australia (UWA). This researcher curated data from the Unit…</p>
<p>The post <a href="https://coinedition.com/binance-ceo-fiat-role-in-global-crime-100-times-that-of-crypto/">Binance CEO: Fiat Role in Global Crime 100 Times That of Crypto</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Binance CEO: Fiat Role in Global Crime 100 Times That of Crypto

Coin Edition

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