Changpeng Zhao said in an interview at the ASEAN Tech Summit that the crypto industry has long faced criticism over illicit transactions, but argued that the data points to a different picture. Citing figures referenced in the interview, Zhao said the rate of illegal activity in crypto is about 100 times lower than in traditional finance. He also said the sector’s transparency and traceability help law enforcement and make it easier to combat crime. The remarks were carried by Techub News and attributed to information shared by WuBlockchain. The comments center on a familiar debate around whether blockchain-based financial systems create more room for abuse or offer clearer audit trails than legacy financial rails.
Changpeng Zhao said in an interview at the ASEAN Tech Summit that the crypto industry has long been criticized over illicit transactions, but that available data suggests the picture is different.
Citing data referenced in the interview, Zhao said the rate of illegal activity in crypto is about 100 times lower than in traditional finance. He added that the sector’s transparency and traceability actually help combat crime. The remarks were reported by Techub News, citing WuBlockchain.
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