Ripple's Chief Legal Officer, Stuart Alderoty, has dismissed the notion that cryptocurrency is predominantly used for criminal activities. Alderoty emphasized the transparency and practical applications of crypto, noting that millions of Americans utilize it for legitimate purposes. He argued that public blockchains facilitate traceable transactions, countering the perception of crypto as a tool for crime. Additionally, Alderoty highlighted the efforts of the National Cryptocurrency Association in promoting positive user stories and clarifying the benefits of blockchain technology.
Ripple CLO Refutes Claims of Crypto as Crime Tool
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