this post was submitted on 28 Apr 2025
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Cryptocurrency may be evolving into a shadow banking system (www.msn.com)
submitted 2 months ago by UniversalMonk to c/cryptocurrencynews
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[–] sapetoku 1 points 2 months ago (2 children)

Always has been. Crypto is mostly money laundering and criminal activities.

[–] UniversalMonk 4 points 2 months ago (2 children)

Actually, cash is used for money laundering and criminal activities much more than crypto.

[–] LOLseas 3 points 2 months ago

This. So much this.

[–] Peruvian_Skies 0 points 2 months ago

Crypto allows it to be done at a much larger scale. Caah is used more than crypto for everything other than speculation, but what really matters is that proportionally, crypto is more used for crime and money laundering than cash.

[–] untakenusername 1 points 2 months ago

I wouldn't say mostly, but yeah, its been used for that

[–] Peruvian_Skies 1 points 2 months ago (1 children)

The link won't load the article unless I install the MSN app on my phone.

[–] UniversalMonk 1 points 2 months ago

Loads fine on mine.