The latest episode of Clear Crypto Podcast discusses pressing issues related to crime in the cryptocurrency ecosystem and innovations that contribute to safety.
The Reality of Crypto Crime
The hosts and guests of the podcast, including Ari Redbord, global head of policy at TRM Labs, analyzed the common misconceptions about criminal activity in the crypto industry. "The reality is we have seen real scam activity in the crypto ecosystem over the last two years, about $50 billion in scams and fraud," Redbord noted.
> "But illicit activity still makes up about 1% of all activity within the crypto ecosystem. So we’re talking about 99% lawful activity."
Privacy and Security
The discussion also explored how privacy and security can coexist through innovation. Redbord pointed out the use of "zero-knowledge proofs," which aid in ensuring privacy for lawful users while limiting actions of bad actors. This helps to maintain a balance between the need for protection and adherence to the law.
Optimism and Community
Despite the existing challenges, Redbord expressed optimism about the future of the industry: "What keeps me so positive is the people I get to interact with every day ... this incredible community of compliance professionals, law enforcement, and builders."
The Clear Crypto Podcast emphasizes that despite criminal activities, a vast majority of cryptocurrency activity is lawful and continues to evolve due to innovations in security and technology.
