Binance CEO Richard Teng cited data: The scale of illegal financial activities involved in traditional fiat currencies each year is more than 100 times that of cryptocurrencies

Richard Teng, CEO of Binance, said on X (original Twitter), "We have seen bankers advocating the closure of the crypto industry on the grounds of illegal activities. But let's look at the facts. I like the analysis of Dr. Andrzei Gwizdalki, who collected data from the United Nations, the World Economic Forum and Cryptoanalysis. As Dr. Gwizdalki said, perspective is crucial when dealing with illegal financial activities. Traditional fiat currencies, such as the US dollar, are involved in approximately $3.2 trillion in illegal activities each year, more than 100 times that of cryptocurrencies ($20 billion). Shouldn't we rethink this statement?"