Are cryptocurrencies dominated by illegal activities and speculation?
In recent years, cryptocurrencies have gained significant attention and popularity. However, there are lingering concerns and criticisms surrounding their legitimacy. Could you elaborate on the argument that cryptocurrencies are primarily dominated by illegal activities and speculation? Are there concrete cases or statistics that support this viewpoint? Additionally, how do these allegations impact the overall perception and acceptance of cryptocurrencies as a viable financial instrument? Is there a way to separate legitimate uses from potentially illicit ones, and how can the industry address these concerns effectively?