Several governments have recently been hostile towards the crypto industry. USD has been used more for criminal activities and is harder to trace, in comparison to Bitcoin. Several governments across the globe have been hostile towards the crypto industry, mostly because crypto can be used for money laundering. Many lawmakers have proposed crypto bans multiple times on this account. Messari conducted a research, which showed that US dollars have been used 800 times more than Bitcoin to launder money. This comes as a piece of disturbing news given the resistance displayed by several government officials towards cryptocurrencies. US President Donald Trump had said that Bitcoin has minimal value and unregulated cryptocurrency can be used for unlawful behavior like drug trade and others (including money laundering). Steven Mnuchin, the US Treasury Secretary, also expressed his concern regarding the threat posed by cryptocurrencies just a few days after Trump’s Bitcoin-related tweet. Messari’s research results are pointing towards a direction opposite to the stance taken by these politicians. Bitcoin transactions can be easily traced compared to any other currency, including the US dollar. Notably, the crypto industry considers such criticisms as publicity for the currency. Some industry experts feel that the government might be more threatened regarding the potential of Bitcoin rather than the currency being used for money laundering as regulation hasn’t been successful in taking the situation under control. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next AUD/USD clings to 0.6900 as Aussie Building Permits, trade negotiation details awaited FX Street 4 years Several governments have recently been hostile towards the crypto industry. USD has been used more for criminal activities and is harder to trace, in comparison to Bitcoin. Several governments across the globe have been hostile towards the crypto industry, mostly because crypto can be used for money laundering. Many lawmakers have proposed crypto bans multiple times on this account. Messari conducted a research, which showed that US dollars have been used 800 times more than Bitcoin to launder money. This comes as a piece of disturbing news given the resistance displayed by several government officials towards cryptocurrencies. US President… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
