According to a study by Bloomberg, over $100 billion of illegal cash have been transferred via the <a href="https://optimisus.com/news/crypto-news/an-etherfi-whale-dumps-ethfi-tokens-worth-over-1-8-million/" rel="noopener noreferrer nofollow">cryptocurrency market</a> since 2019, causing substantial effects on stablecoins and controlled exchanges.  
Stablecoins are being utilized more frequently by criminals, and they currently account for the majority of illegal transactions inside the cryptocurrency realm. More than 50% of these illegal money are ultimately deposited into controlled exchanges like as Binance and Coinbase.  
Kim Grauer from Chainalysis emphasized the increasing complexity of money laundering schemes and the utilization of novel tokens and strategies to evade detection. Criminals find stablecoins and centralized exchanges appealing because they let them to mix illegal funds with lawful transactions.  
Regulators worldwide have been aware of the increase in illegal financial transactions, leading to Binance being under to US supervision after being fined $4.3 billion by the Department of Justice. Stricter controls have resulted in a decrease in the influx of suspicious funds to exchanges, down from over $2 billion to around $780 million each month. 
The post <a href="https://optimisus.com/market/market-news/nearly-100-billion-in-illicit-crypto-flows-since-2019-target-stablecoins-and-centralized-exchanges/" rel="noopener noreferrer nofollow">Nearly $100 billion in illicit crypto flows since 2019 target stablecoins and centralized exchanges</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

Nearly $100 billion in illicit crypto flows since 2019 target stablecoins and centralized exchanges

Optimisus

Egyéb ezen a dátumon (2024. júl. 12.) megosztott cikkek

Hanoi Police Crack Down on Multi-Billion Dollar Cryptocurrency Scam

Altcoins Show Potential Amid Market Dip

Explore the synergy of blockchain and AI at the brand new virtual Blockchain & AI Expo 2024

Court to begin Binance tax evasion trial on October 11

Rise of tap-to-earn games in Telegram: Roxman, Major, Friends Factory

Morgan Creek Digital Targets Global Tech Investments

Join our free newsletter for daily crypto updates!