The Chainalysis Crypto Myth Busting Report
18/07/2023
From the TerraLUNA crash to the FTX collapse, 2022 became a tumultuous year for cryptocurrency. While the shake-ups caused chaos, the cryptocurrency ecosystem has proven remarkably resilient. But bad news always leads, and when crypto scandals rise, so too do long-held myths about digital currency.
As governments and financial institutions consider how to regulate and integrate cryptocurrency into the global financial system, it's imperative to set the record straight.
While there are certain risks and valid concerns, blockchain technology has enormous potential to democratize finance, increase economic transparency, reduce business costs, and spur innovation.
Given that, Chainalysis wants to ensure financial institutions and regulators are focused on the right risks — the true, valid concerns — when evaluating cryptocurrency's opportunities.
To that end, Chainalysis has published a report to dispel some misconceptions and tackles 33 myths about cryptocurrency's safety, legitimacy, viability, and scalability.
In this preview, Chainalysis share five myths covered in the report
Sign up here to download the full report!
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