Cryptocurrency Q&A
What is the market share of cryptocurrencies in illicit trade?
What is the market share of cryptocurrencies in illicit trade?
Chiara
Sat Sep 07 2024
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Could you please elaborate on the market share of cryptocurrencies in illicit trade? I'm curious to know the extent to which these digital assets are being used for illegal activities, and how significant their role is in comparison to traditional forms of payment and exchange. Is there any data or research that supports your assessment of their involvement in the underground economy?
5 answers
Maria
Mon Sep 09 2024
The elusive nature of cryptocurrencies poses a challenge in accurately quantifying their role in illicit trade. As a result, determining the precise market share of these digital assets in criminal activities is a complex endeavor.
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henry_grayson_lawyer
Sun Sep 08 2024
Despite these difficulties, attempts have been made to assess the extent of cryptocurrency involvement in illegal activities. One such study conducted by the University of Technology Sydney sheds light on this issue.
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GeishaGrace
Sun Sep 08 2024
The UTS report highlights a significant connection between Bitcoin and illegal transactions, estimating that approximately 46% of annual illegal activities involve Bitcoin. This figure underscores the prevalence of Bitcoin in the underworld of illicit trade.
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HanbokGlamour
Sun Sep 08 2024
Among the various cryptocurrency exchanges, BTCC stands out as a prominent player. BTCC offers a comprehensive suite of services catering to the diverse needs of cryptocurrency enthusiasts and investors.
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TaegeukWarrior
Sun Sep 08 2024
BTCC's services encompass spot trading, which allows users to buy and sell cryptocurrencies at current market prices. Additionally, the platform provides futures trading, enabling traders to speculate on the future prices of cryptocurrencies. Furthermore, BTCC offers a secure wallet service for storing and managing digital assets.
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