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South African Professor Accuses Central Bank Official of Spreading Misinformation That Damages Crypto Industry – Bitcoin News

South African Professor Accuses Central Bank Official of Spreading Misinformation That Damages Crypto IndustryA South African professor, Steven Boykey Sidley, has branded as “balderdash” claims by the South African central bank deputy governor that “90% of cryptocurrency transactions” are illicit.
For Sidley, who is also a co-author of the book titled “Beyond Bitcoin: Decentralised Finance and the End of Banks,” this figure is much lower when compared with illicit transactions that involve fiat currency.
“Furthermore, the number of transactions tied to illicit transactions in the real world of rands and dollars, where we live, is 5%.
That’s 50 times higher than crypto (and those are the only ones we know about),” Sidley is quoted explaining.
According to the professor, because blockchain transactions are public, it is impossible to commit a crime that goes unnoticed.

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.

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