Will Centralized Crypto Kill Decentralized Crypto?
The cryptocurrency market is riding at an all-time high right now in terms of its visibility and in some cases, coin prices. For example, Bitcoin is now trading above $55,000 after having advanced over 15% in the last week. New coins too are emerging at a rapid-fire pace, some of which have taken off. In just the last year new coins like Dogecoin and Solana have soared and with a myriad of new coins launching almost daily, the preponderance for one or more of those coins to succeed is fairly high.
For many crypto enthusiasts and especially money laundering enthusiasts, life in the decentralized and unregulated cryptocurrency world is feeling pretty good right about now. The freedom to trade outside the prying eyes of the SEC represents perhaps the last bastion of the American dream, right?
That being said, is the decentralized cryptocurrency market on track to meet an ugly fate in the not-to-distant future? What is the standard line fortune-tellers deliver to their marks when the crystal ball foretells bad news? Oh yeah:
“All I can say Richard is that things look a little bit murky. Some nasty storms appear on the not-so-distant horizon.”
CEO of the Alacer Group. Sharing the latest news in financial crimes and best practices that enable financial institutions to prevent money laundering.