Post
Topic
Board Press
Re: [2019-07-12] $2.28 Billion - Estimated loss caused by Crypto Crimes
by
bryant.coleman
on 24/07/2019, 04:40:45 UTC
It is always good to see the mainstream media trying hard to paint Bitcoin in a negative light, despite having enough proof at their disposal to rubbish such arguments. Let's look at the annual turnover of some of the illegal businesses.

a. Illegal narcotics trade (Opioids including heroin, cocaine, synthetics including methamphetamine): worth more than $400 billion per year.
b. Counterfeiting: worth $250 billion
c. Illegal arms trade: worth more than $100 billion per year
d. Human trafficking: worth around $32 billion per year
e. Illicit Wildlife Trade: worth more than $10 billion

Now don't tell me that Bitcoin is the culprit behind all this, despite less than $1 billion worth of coins being used for such purposes every year.