Association with Illicit Activities
By: admin
security
Criticism: Bitcoin is often used for money laundering, drug trafficking, and other illegal activities.
Counterarguments:
Transparent Blockchain: Bitcoin transactions are recorded on a public ledger, making them traceable and often easier to monitor than cash.
By: admin
Declining Illicit Use: Studies show a decreasing proportion of Bitcoin transactions related to illicit activities as regulatory and tracking capabilities improve.
By: admin
Legitimate Use Cases: The majority of Bitcoin transactions are now for legal, legitimate purposes, particularly in countries with unstable currencies.
By: admin