Birdwatch Note Rating
2023-12-20 22:53:41 UTC - HELPFUL
Rated by Participant: C6FBC18A711543C8240CD0ACF789D93AB3986E38433CC6F0A521E116CF400E10
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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