this post was submitted on 28 Apr 2025
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Cryptocurrency News

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Cryptocurrency may be evolving into a shadow banking system (www.msn.com)
submitted 2 days ago by UniversalMonk@sh.itjust.works to c/cryptocurrencynews@sh.itjust.works
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[–] Peruvian_Skies@sh.itjust.works 1 points 2 days ago (1 children)

The link won't load the article unless I install the MSN app on my phone.

[–] UniversalMonk@sh.itjust.works 1 points 2 days ago

Loads fine on mine.

[–] sapetoku@sh.itjust.works 1 points 2 days ago (2 children)

Always has been. Crypto is mostly money laundering and criminal activities.

[–] UniversalMonk@sh.itjust.works 3 points 2 days ago (2 children)

Actually, cash is used for money laundering and criminal activities much more than crypto.

[–] LOLseas@sh.itjust.works 2 points 2 days ago

This. So much this.

[–] Peruvian_Skies@sh.itjust.works 1 points 2 days ago

Crypto allows it to be done at a much larger scale. Caah is used more than crypto for everything other than speculation, but what really matters is that proportionally, crypto is more used for crime and money laundering than cash.

[–] untakenusername@sh.itjust.works 1 points 2 days ago

I wouldn't say mostly, but yeah, its been used for that