What assumptions are being made in order to reach conclusion


Problem

Step I: Reflect on the following statement.

Cryptocurrency is considered by some to have its origins in illicit activity such as darknet markets, and its sole purpose is to eschew traditional systems of banking, regulation and law enforcement.

Step II: Post to the discussion forum, answering the following questions:

i. What assumptions are being made in order to reach the conclusion outlined in Step I?

ii. Is it possible to use the characteristics of public blockchains (i.e Bitcoin) to detect and even prevent financial crime?

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Financial Accounting: What assumptions are being made in order to reach conclusion
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