Author Topic: Bitcoin and illegal activities  (Read 24 times)

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Bitcoin and illegal activities
« on: March 24, 2020, 09:04:15 PM »
Most of us always question if bitcoin is the best refuge for criminals and scammers and activities such as stealing funds, money laundering, terrorism financing and all sort of illegal activities.

The reality is that a total of 11.5$ billion worth of cryptocurrencies were associated with criminal activity which represents only 1.1% of cryptocurrencies transaction volume in 2019  according to chainalysis. The graphic below tells us that the most common type of crimes is not money laundering nor terrorism financing, it is the act which we all see every day: scamming.

Share us your thought about this matter and if someone knows any other resource that can give us a more detailed view, please provide it.


source: https://blog.chainalysis.com/reports/cryptocurrency-crime-2020-report