6 Biggest Myths About Cryptocurrency

Much of the association of crypto with criminality can be traced to 2013 and the fall of the black market website Silk Road, where Bitcoin was the primary currency. The truth, however, is that it would be just as easy to say the same thing about cash, which has been the preferred medium of exchange for criminals since forever. 

After Silk Road, governments around the world instituted Know Your Customer (KYC) policies and other verification regulations to remove the criminal element as much as possible. As recently as 2020, the U.S. government seized $1 billion in Bitcoin from an account it said was associated with Silk Road, according to the BBC.

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