Money Laundering with Bitcoin Isn’t Even 1% of All Transactions Contrary to What You Think

According to research by the Bitcoin analysis team of FDD and Elicit, which deals with

Bitcoin analysis, all Less than 1% of >Bitcoin transactions turned out to be money laundering related.

Report to help analyze money flow and money laundering risk noted that money laundering is not found credible by some critics on the cryptocurrency exchange. According to the information in the report :

“The amount of laundering of Bitcoin followed is Silk Road and then AlphaBay The source of almost all of the illegal Bitcoins, which small and black exchanges, such as small and black exchanges, usually launder through conversion services.”

The report also includes Bitcoin It is shown that the vast majority of illegal transactions are in Europe and there are five times more illegal transactions than normal with North America.

AML (Anti-Money Laundering ) Processes Need to be Improved

The report suggests that the best way to combat such illegal activity is with stricter money laundering measures (AML). In addition, the report stated that the only way to manage the illegal transaction is to “increase the implementation of AML by financial authorities in all jurisdictions.”

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