Nouriel Roubini: Cryptocurrency exchanges are directly involved in criminal activity.

The well-known cryptocurrency skeptic Nouriel Roubini said that cryptocurrency exchanges “are directly involved in criminal activity,” especially he singled out the BitMEX platform.

In his report, Nouriel Roubini emphasized that it was a fraud to offer users a trade with a leverage of up to 100, collect high commissions and “drain funds from users into a kind of“ liquidation fund ”.

Roubini said that according to his sources, the BitMEX platform is used for laundering money by terrorist organizations from Russia and Iran, and the exchange itself not only allows these actions, but also profits from them. A cryptocurrency skeptic is confident that BitMEX uses trade against clients for profit, and regulators cannot verify the legality of transactions on the exchange. The head of the exchange Arthur Hayes (Arthur Hayes) objected:

BitMEX provides a safe, fast and liquid way to trade and hedge risks for those who see potential in cryptocurrencies. We continue to monitor all regulatory developments in the world and try to meet all the requirements of regulators. We deny all accusations of involvement in criminal activities, manipulation or dishonest treatment of clients, because they are the center of all our work.

Note that at the beginning of this month, Arthur Hayes and Nouriel Roubini came face to face at the Asian Blockchain Summit, where they had a heated discussion about the future of cryptocurrencies and their use for criminal activities.

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