Birdwatch Note Rating
2023-12-06 21:44:50 UTC - HELPFUL
Rated by Participant: D2E1814F8E75AC66D4CADBF8E5C5770D2A6B6B83E468AB56E8B466B8B0681F69
Participant Details
Original Note:
Less than 1% of the trillions transacted annually in crypto are illicit. The UN estimates that annually between 2% to 5% of global GDP ($800 billion - $2 trillion) is used for illicit activities and money laundering through the traditional banking system and cash. https://www.oodaloop.com/archive/2023/10/08/crypto-fraud-is-less-than-1-of-the-annual-3-2-trillion-in-illegal-activity-in-the-traditional-fiat-monetary-system/ https://hkibfa.io/wp-content/uploads/2023/02/Crypto_Crime_Report_2023.pdf https://www.unodc.org/unodc/en/money-laundering/overview.html https://www.binance.com/en/blog/ecosystem/the-crypto-money-laundering-myth-and-the-machine-working-overtime-to-sell-a-false-narrative-421499824684903964
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