Crypto Money Laundering is Down 30%

TL;DR

• Chainalysis simply reported that crypto cash laundering dropped 30% in ‘23 (in comparison with 2022), from $31.5B in illicit commerce, to $22.2B.

Full Story

There’re a handful of presidency officers that loooove speaking about how crypto can be utilized for cash laundering.

Which it completely might be.

(However so can money, casinos, and coin laundries).

Level is, so long as there may be cash on the earth, there shall be cash laundering.

The excellent news is (on the crypto facet of issues):

Chainalysis simply reported that crypto cash laundering dropped 30% in 2023 (in comparison with 2022), from $31.5B in illicit commerce, to $22.2B.

With the analytics agency noting:

“DeFi’s inherent transparency typically makes it a poor selection for obfuscating the motion of funds.”

(Can somebody ship this to Senator Warren?)