this post was submitted on 20 May 2024
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So you are saying more than the population of the United States as money launderers because somewhere between 400 and 550 million people use cryptocurrency. I kind of doubt they are all money launderers.
Why not? Couldn't crypto be enabling money laundering on a massive scale?
This one is a bit old, but... https://medium.com/@MUBC/privacy-coins-debunking-myths-about-illegal-usage-9150c49a31a7
I can't find it at the moment, but I saw a report for 2023 or 2024 that something like 0.4% of all crypto transactions are illicit activity. So that would mean roughly 1.9 million people use it for such activity, which is a far cry from 400 million.