Cryptocurrency exchange network accused of helping Russia hit with sanctions.
US Treasury sanctioned alleged Russian hacker Sergey Ivanov and Cryptex — a St. Vincent and Grenadines registered virtual currency exchange operating in Russia
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I thought dodging state imposed transaction restrictions was kinda the whole point of cryptocurrencies (other than the pyramid scheme part).
Neither of those things are true. As the majority of crypto is used for above-board legal transactions, just like most fiat currency transactions are legal and above-board. As for the pyramid scheme, the biggest example of one that I can find right now is the US Dollar and its inflation.
Found the cryptobro. Neither of your statements are true. Crypto is absolutely a pyramid scheme, and if you took out the quick ability to convert to USD or other fiat currency, it would collapse.
Not totally. monero is building a circular economy of people who price items in Monero, and buy/sell in Monero. Some of us desire to flip fiat the bird and do the best we can to live on Monero only. It works too. As an example i have bought groceries with monero for over a year and a half.
Citing numbers out of your ass?
Read it and weep.
"In addition to the reduction in absolute value of illicit activity, our estimate for the share of all crypto transaction volume associated with illicit activity also fell, to 0.34% from 0.42% in 2022."
https://www.chainalysis.com/blog/2024-crypto-crime-report-introduction/
I’m weeping for your critical thinking