According to Changpeng Zhao's <a href="https://twitter.com/cz_binance/status/1531528027557052416?t=OeRih5_HeSjo_mJOLI4inA&amp;s=19">tweet</a>, Binance reveals the shocking truth behind crypto and money laundering. You have two reasons if you're anti-crypto. For one thing, crypto is useless, and for another, it's a way for individuals to launder money. Crypto isn't worthless, but is it a sanctuary for money laundering, as some claim?

No. There's an inconvenient truth for those who want to depict crypto as a money-laundering haven. There were only 0.15% of all cryptocurrency transactions completed last year. They had relations to illegal behavior, according to the analysis company Chainalysis.
<h2>An Uncomfortable Reality of Money Laundering</h2>
So, where do they go from here? "Inconvenient truth" is that most money laundering occurs via regular banking, not crypto. Some people don't like that Binance is a major leader. One that is helping law enforcement fight cyber and financial crime. 

They helped the DEA locate and seize 100 accounts tied to Mexican money laundering. It is all part of our everyday work and a vital component of good law enforcement coordination. The detectives at Binance created a blueprint for using Blockchain Tracing. to track the crypto industry's most heinous bad actors, like Hydra Market. Using talents helps enforcement agencies track people who use the blockchain for illegal things.
<h2>Combating State-Sponsored and Organized Crime</h2>
<a href="https://www.cryptoknowmics.com/news/binance-to-support-iotx-and-zec-network-upgrade">Binance's</a> anti-money laundering technologies are some of the most advanced globally. They use the most skilled anti-money laundering detectives. There is no way to alter or erase transactions on the blockchain. Crypto-based money laundering is much easier to detect and block. 

Transaction records can corroborate or refute direct exposure to Binance. Detractors mix "direct" and "indirect" exposure and use deposit data in their arguments. What exactly does this imply? Consider what'd happen if a drug dealer approached your home. 

Then, slip a bag of illegal substances into your mailbox. You obviously couldn't stop them from dumping the illegal items. But, it's now up to you to do the right thing and notify law authorities. Also, provide the authorities with the information they need to apprehend the criminal.

Binance Reveals the Shocking Truth About Crypto and Money Laundering

According to Changpeng Zhao's shared blog post from Binance, Binance revealed the shocking truth behind crypto and money laundering.

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Binance Reveals the Shocking Truth About Crypto and Money Laundering

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