⚠️ The latest Chainalysis report indicated that the "new reality" shows the use of stablecoins for illicit transactions and warns that market activity for stablecoins grew 77% in the last year.
🛡 The analysis indicates that the use of stablecoins was concentrated on value storage, remittance sending, facilitating cross-border payments, and international trade.
🗣️ The volume of illicit cryptocurrencies in 2024 surpassed that of 2023. Since 2020, our annual estimates of illicit activity have grown an average of 25% between annual reporting periods. Assuming a similar growth rate between now and next year's Crypto Crime Report, our annual totals for 2024 could surpass the $51 billion threshold," the report highlights.
😮 According to the report, 2024 was a record year for money entering illicit actors and increased from 24,200 million to 46,100 million dollars (from 2023 to last year).
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⚠️ The latest Chainalysis report indicated that the "new reality" shows the use of stablecoins for illicit transactions and warns that market activity for stablecoins grew 77% in the last year.
🛡 The analysis indicates that the use of stablecoins was concentrated on value storage, remittance sending, facilitating cross-border payments, and international trade.
🗣️ The volume of illicit cryptocurrencies in 2024 surpassed that of 2023. Since 2020, our annual estimates of illicit activity have grown an average of 25% between annual reporting periods. Assuming a similar growth rate between now and next year's Crypto Crime Report, our annual totals for 2024 could surpass the $51 billion threshold," the report highlights.
😮 According to the report, 2024 was a record year for money entering illicit actors and increased from 24,200 million to 46,100 million dollars (from 2023 to last year).