Digital currencies are only used for illegal activities?

Digital currencies are only used for illegal activities?
One of the oldest and most widespread misconceptions regarding digital currencies is that they are mostly utilized for illegal purposes.
While it is true that digital currencies have been utilized by people with malicious intentions as well as criminal organizations, the same could be said for every type of money used throughout history.
According to Chainalysis, a business that uses blockchain data analysis to aid investigators in cryptocurrency crimes, the amount of cryptocurrency transactions tied to unlawful activity decreased in 2021 (the most recent report) to 0.15% of all cryptocurrency transactions. Out of this tiny number of transactions, 82% included bitcoin frauds (1)

It's worth noting that governments and the international community are cracking down on cryptocurrency use by criminals and organised crime.
Many governments have implemented cryptocurrency anti-money laundering and counter-terrorism funding measures, with agencies and teams formed to combat the use of cryptocurrencies in these criminal activities (2).
For example, in the United States, the National Cryptocurrency Enforcement Team (NCET) investigates and prosecutes unlawful cryptocurrency activity (3).
The US Department of Justice."Deputy Attorney General Lisa O. Monaco Establishes a National Cryptocurrency Enforcement Team.

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