Crypto News

Sanctioned Jurisdictions and Groups Responsible for 39% of Illicit Crypto Transactions According to a new report from the analytics firm Crypto Analytics , sanctioned jurisdictions and groups were responsible for a staggering 39% of illicit crypto transactions in the year 2020. This finding sheds light on the ongoing issue of illegal activities being conducted through the use of cryptocurrencies. The Rise of Illicit Crypto Transactions The use of cryptocurrencies for illicit activities has been on the rise in recent years, with the introduction of more privacy-focused coins and the increasing popularity of decentralized exchanges. This has made it easier for criminals and sanctioned entities to conduct illegal activities such as money laundering, terrorist financing, and sanctions evasion. The Role of Sanctioned Jurisdictions and Groups The report from Crypto Analytics reveals that sanctioned jurisdictions and groups played a major role ...