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   feld (feld@friedcheese.us)'s status on Friday, 08-Nov-2024 05:24:04 JST feld
   @briankrebs @cybeardjm @xdydx
   
   > which is very badly and facilitating an eye-watering amount of money laundering and all that comes with it.
   
   crypto money laundering peaked at about $31 billion dollars.
   
   Meanwhile US Dollar money laundering is in the TRILLIONS per year
   
   > The United Nations Office on Drugs and Crime approach remains most popular for calculating how much money is laundered every year. The body suggests that the annual money laundering volumes range from 2 to 5% of the global GDP. Using these estimates, that will be between $2.11 and $5.28 trillion in 2023 and $2.22 and $5.54 trillion in 2024.
   
   
   so I wouldn't call crypto money laundering "eye watering". It's not even worth blinking at.