It reminds me of Binance story last month. If Chainalysis is accurate that just 0.15% of all crypto transactions in 2021 were involved in illicit activity, I wonder why the regulators seem to ignore the 99.85% legit transactions and focus on that tiny % as if that's the whole thing about crypto.

As for registration and regulation as a way to protect investors from manipulation and fraud, I have a few questions in mind. Can regulation really prevent manipulation and fraud? How come regulation cannot prevent the involvement of 2% to 5% of fiat worth $800B to $2T in money laundering? How come no regulation has been made successful so far in the Eurodollar market after more than 6 decades of its existence?

Posted Using LeoFinance ^Beta