Birdwatch Note Rating
2023-11-22 15:45:28 UTC - HELPFUL
Rated by Participant: F9BD50B477C17B2E49E1FA741E9A0D6FE389FE2AD87CA35B1A0B83C4DDDCE3B4
Participant Details
Original Note:
On-chain crypto is a terrible way to commit crimes, because the audit record is public and very easy to trace. Binance is not a chain however. It is a centralized entity, and it maintains its own internal ledger. Which is how all of traditional banking works. https://www.chainalysis.com/blog/cryptocurrency-terrorism-financing-accuracy-check/
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