Who “laundered” more money – banks or cryptocurrency exchanges?
Earlier this month, the largest Bank in Denmark Danske Bank has become a victim of the biggest in its history of scandal, being accused of laundering more than $230 billion And this is just the tip of the iceberg. Although world banks launder on a daily basis billions of dollars, critics still accused of such operation solely cryptocurrency exchanges.
September 28 Chapter cryptocurrency exchanges Shape Shift Eric Voorhees responded to a report of Wall Street Journal (WSJ) that compared the amount of money laundered by banks and cryptocurrency exchanges over the last two years. According to the authors, within the last 24 months banks laundered $2.7 billion, while cryptocurrency exchanges during this period, allegedly “laundered” $9 million.
$2.7 billion multiplied by 730 days (two years) = $1.97 trillion. If you compare these two amounts, $1.97 trillion and $9 million – the question arises: whether we are talking about “money laundering cryptocurrency”, or critics interested in sensational charges?
Two figures is enough to understand: the problem is traditional financial institutions, and not in structures that are over 48 months laundered $9 million
Thus, if government agencies really want to stop the transfer of funds derived from criminal activities (“money laundering”), they must, above all and first, to draw attention on banks.
However, despite a huge scandal with the Danish Bank, presumably, “otmyvshego” in Estonia as much as $230 billion, the attention of the media, investigating such episodes have turned to cryptocurrencies. According to the WSJ journalists, two years exchange ShapeShift “laundered” $9 million However, convincing evidence of this.
But even assuming this is true, nine million do not go to any comparison with those sums, which banks are “washed out” of the day-a day.
Since the beginning of cryptocurrency critics called them a tool of criminals. However, as reported recently Europol, not a cryptocurrency, and good old-fashioned cash remains the preferred form of money for criminals, because of their anonymity.
Contrary to popular opinion, cryptocurrencies are not anonymous. For example, wallets and bitcoin transaction can be traced using a block Explorer.These professional analysts, as the company Chainalysis have a set of tools to disclose the transaction.
According to the materials Cryptoslate.