🔴 DO YOU THINK THIS CAN AFFECT CRYPTO PRICE ? 🔴
The recent kidnapping incident in Hong Kong, where a ransom was demanded in USDT, underscores the complexities surrounding cryptocurrencies and their use in illicit activities. While cryptocurrencies offer numerous benefits, such as financial inclusion and efficient transactions, incidents like these raise concerns about their potential misuse.
In 2023, Tether, the issuer of USDT, was reportedly involved in illegal transactions amounting to $19.3 billion. This has sparked a debate on the reliability and regulatory oversight of cryptocurrencies.
