Cryptocurrency

22/07/19 14:00 UTC-4

Bitcoin is 800 times safer than national currencies: research

Study: Bitcoin is 800 times safer than fiat currencies
Study: Bitcoin is 800 times safer than fiat currencies

Messari Analytical company has published the results of research, according to which, the first cryptocurrency is used for money laundering in 800 less often than national (fiat) money.

 

Bitcoin security research

According to Messari, for every dollar spent on the darknet in Bitcoin equivalent, there are 800 dollars that are laundered through national currencies.

The statistics are based on the studies of Chainalysis and the United Nations Office on Drugs.

The study of digital gold was confined to a recent statement by the US Treasury Secretary, Steve Mnuchin, who called cryptocurrency assets "unsafe."

"Following yesterday's comments from U.S Treasury Secretary Steve Mnuchin who insisted on the Treasury's overriding goal to protect the integrity of our financial system in the context of growing interest in digital assets like Bitcoin ($BTC) and Libra, we decided to take a closer look at how Bitcoin fits in the global landscape" – Messari.

The study showed that Bitcoin is 800 times safer than fiat. Recall that a study in 2019 showed that Bitcoin miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details
consumes more electricity than the population of Israel and Switzerland.

Editor: Godfrid Brower

See also: "New Bitcoin game for learning the basics of a crypto-network"

#security #cryptocurrency #SteveMnuchin #Bitcoin #Chainalysis #research #Messari

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