Tuesday, August 7, 2018

Cabal loses one of their propaganda arguments as cryptocurrency use in criminal activities falls off a cliff

The saddest thing about the banking cartel and their government sychophants is that they tend to use the same false arguments to vilify anything that emerges which threatens their power.  And just like they way they used the worn out memes of the 'war on terror' and money laundering to justify American citizens not being allowed to deposit more than $10,000 into a bank without scrutiny, so too have they tried to crush cryptocurrencies under the same propaganda.

However it is always interesting when a ray of truth comes to light, and in a report from the DEA on August 7, use of cryptocurrencies in in criminal activities has fallen by 80% over the past five years.

An agent of the U.S. Drug Enforcement Administration (DEA) has noted that Bitcoin’s (BTC) role in crimes has dropped to just 10 percent of transactions, while transactions themselves have “grown tremendously,” Bloomberg reports August 7. 
In an interview, DEA special agent Lilita Infante — who is a member of the 10-person Cyber Investigative Task Force — said that the ratio of legitimate to illegitimate Bitcoin transactions had flipped over the past five years, noting 
“The volume has grown tremendously, the amount of transactions and the dollar value has grown tremendously over the years in criminal activity, but the ratio has decreased.”The concept of criminals turning to cryptocurrency as an alternative to cash has traditionally formed a central argument used by those critical of Bitcoin’s future. – Coin Telegraph
Ironically, most money laundering occurs within the banks themselves, and according to the UN, drug cartel money laundering may have actually saved many banks following the 2008 credit crisis.

I guess crime is only lawful when it benefits the Establishment.

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