The crypto currency world is hyper focused on stopping this, considering it is one of the main avenues that statists attack crypto with now that the environmental nag is gone since the switch to Proof of Stake.
I would say, conservatively, the traditional banking and real estate markets are 10,000x worse than crypto markets, but are un-policed because it's hidden, unlike the public blockchain networks. The few scams that are exposed, like the HSBC money laundering scandal, dwarf all of the crime every committed via crypto. But we didn't even put HSBC out of business or put a single employee in jail!
I would say, conservatively, the traditional banking and real estate markets are 10,000x worse than crypto markets, but are un-policed because it's hidden, unlike the public blockchain networks. The few scams that are exposed, like the HSBC money laundering scandal, dwarf all of the crime every committed via crypto. But we didn't even put HSBC out of business or put a single employee in jail!
Here is the Danish money laundering fraud that just concluded with $2 billion in fines on $160 billion in laundered money https://www.justice.gov/opa/pr/danske-bank-pleads-guilty-fra...