Official data shows fiat currency is used 800 times more than bitcoin to launder money on the darknet. Apparently, U.S. Treasury Secretary Steven Mnuchin was unaware of this fact when he recently said “Cryptocurrencies such as bitcoin have been exploited to support billions of dollars of illicit activity like cybercrime, tax evasion, extortion, ransomware, illicit drugs, and human trafficking. Many players have attempted to use cryptocurrencies to fund their malignant behavior. This is indeed a national security issue.” Read more: https://www.ccn.com/news/fiat-money-outpaces-bitcoin-by-8001-for-nefarious-activities-report/2019/07/21/ #news #politics #crypto #blockchain #federalreserve