A new report from Mexico says banks are used to launder money more than crypto

[newshunter]

A new report from Mexico says banks are used to launder money more than crypto

The traditional banking sector is lagging behind in the race with crypto.

Source: A new report from Mexico says banks are used to launder money more than crypto

Would appreciate your opinion about this

[TomPluz]

We already know this all along. There are many banks who are willing to be conduit or a tool to make dirty money from illegal drugs business to be cleaned. Well, banks are for making money and in a country where drug business is a huge industry they are always tempted to take a part of the pie and eat it too. And I am sure these people are using the usual fiat money and not cryptocurrency all because they are already aware that with cryptocurrency there are records that can be traced anytime by anyone unlike with the usual paper money (not unless those money are marked with chemicals, of course).

[Astra]

We know that banks have always been involved in the laundering of dirty money, this is not new. At the same time, cryptocurrency is even better suited for this than banks do with conventional currencies. In Mexico, cryptocurrency is simply still very weakly used. They still operate in the old proven way. Never mind, over time they will learn to use cryptocurrency for this.

[KryptoBull]

Everyone knows that before crypto appeared, money laundering existed and operated quite actively, sometimes publicly, but no one dared to speak out because it was led by powerful forces. Currently crypto has a capitalization of just under 500 billion USD, which is very small relative to the global economy, but receives more money laundering criticism than anything else.
Community should have a clearer view of crypto, the risks of crypto are still lower than the risks of corruption, waste and appropriation of assets in the traditional economy, while crypto will solve many problems. to which the fiat surrendered for a thousand years.

[Joyjoyce0]

Banks have always been the center of money laundry. It is practically impossible to launder money without the bank been involved. Banks enjoy and participate in laundry because it is a way of making money. Also government officials prevail on banks to launder money. This is one reason Crypto is better because no authority can influence decision