• Several governments have recently been hostile towards the crypto industry.
  • USD has been used more for criminal activities and is harder to trace, in comparison to Bitcoin.

Several governments across the globe have been hostile towards the crypto industry, mostly because crypto can be used for money laundering. Many lawmakers have proposed crypto bans multiple times on this account. 

Messari conducted a research, which showed that US dollars have been used 800 times more than Bitcoin to launder money. This comes as a piece of disturbing news given the resistance displayed by several government officials towards cryptocurrencies. US President Donald Trump had said that Bitcoin has minimal value and unregulated cryptocurrency can be used for unlawful behavior like drug trade and others (including money laundering). Steven Mnuchin, the US Treasury Secretary, also expressed his concern regarding the threat posed by cryptocurrencies just a few days after Trump's Bitcoin-related tweet. 

Messari's research results are pointing towards a direction opposite to the stance taken by these politicians. Bitcoin transactions can be easily traced compared to any other currency, including the US dollar. 

Notably, the crypto industry considers such criticisms as publicity for the currency. Some industry experts feel that the government might be more threatened regarding the potential of Bitcoin rather than the currency being used for money laundering as regulation hasn't been successful in taking the situation under control.


 


Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended Content

Editors’ Picks

Bitcoin Price Forecast: BTC corrects after sharp recovery during the weekend

Bitcoin Price Forecast: BTC corrects after sharp recovery during the weekend

Bitcoin price trades slightly down on Monday after rallying nearly 10% the previous day. US Bitcoin spot ETF data recorded a net outflow of $2.39 billion last week. 

More Bitcoin News
Dogwifhat Price Forecast: WIF bulls targeting 35% gains ahead

Dogwifhat Price Forecast: WIF bulls targeting 35% gains ahead

Dogwifhat price hovers around $0.74 on Monday after rallying nearly 16% the previous week. Lookonchain data supports a bullish outlook, showing that the wallet “Ansem” spent $2.3 million USDC to buy 2.97 million WIF tokens on Monday.

More Dogwifhat News
Cardano corrects after 70% surge following Trump’s endorsement to Crypto Strategic Reserve

Cardano corrects after 70% surge following Trump’s endorsement to Crypto Strategic Reserve

Cardano price trades down by 11.5% on Monday after rallying 72.15% the previous day. US President Donald Trump’s announcement of a US ‘Crypto Strategic Reserve’ boosted ADA price.

More Cardano News
BTC, ETH and XRP rallies as Trump announces ‘Crypto Strategic Reserve’

BTC, ETH and XRP rallies as Trump announces ‘Crypto Strategic Reserve’

Bitcoin (BTC) price hovers around $93,000 on Monday after rallying 9.53% the previous day. Ethereum (ETH) and Ripple (XRP) prices followed BTC’s footsteps and rallied nearly 14% and 35% on Sunday.

More Cryptocurrencies News
Bitcoin: BTC bloodbath continues, near 30% down from its ATH

Bitcoin: BTC bloodbath continues, near 30% down from its ATH

Bitcoin (BTC) price extends its decline and trades below $80,000 at the time of writing on Friday, falling over 15% so far this week. This price correction wiped $660 billion of market capitalization from the overall crypto market and saw $3.68 billion in total liquidations this week.

Read full analysis
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

BTC

ETH

XRP