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The famous American investor predicted the “next crypto explosion”.

Mark Cuban, the well-known American entrepreneur and investor, says that “detection and elimination of laundering transactions” in centralized exchanges will be the next important thing in the cryptocurrency industry. This statement comes in the context that the collapse of the large FTX exchange led to the loss of billions of dollars of customer capital.

Cuban, one of the stars of the TV show Shark Tank and owner of the Dallas Mavericks basketball team, has expressed surprise at the amount of liquidity (liquidity) of tokens that are not widely used.

Wash trading is one of the major concerns of cryptocurrency industry enthusiasts. Some exchanges try to falsely increase their transaction volume with this type of transaction. The US Securities and Exchange Commission has banned money laundering and considered it a clear example of market manipulation. Regulatory bodies around the world are increasingly focusing on money laundering.

Kim Graverdirector of research at Chainalysis, said last year that money laundering in the crypto industry is in a “legal limbo” and that regulators are trying to legalize such transactions.


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