Birdwatch Note Rating
2023-12-20 15:39:51 UTC - HELPFUL
Rated by Participant: 9E5CB897DF377049126FE493CA2DE907581121F9004D881963F99F26A9A8C23B
Participant Details
Original Note:
Cryptocurrency is objectively less than 1% of all monetary illicit activity. There is also nothing supporting the claim that it could threaten national security. Cash is untraceable, blockchains are public ledgers. Source: 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/
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