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You got it backwards: it is not about what percent of money laundering is done with Bitcoin, it is about what percent of Bitcoin is used for money laundering. I
by mamon 9y ago
You got it backwards: it is not about what percent of money laundering is done with Bitcoin, it is about what percent of Bitcoin is used for money laundering. I've just posted link (few comments above) about $4B laundering scheme discovered, that's 9% of global Bitcoin market cap (currently $46B).
And you can assume that this Russian arrested wasn't the only one doing it, so actual proportion is probably bigger.
- csomar 9y agoYou'll probably need to research backed-up numbers to confirm that. Yes, I do believe the same too (most bitcoin activity is used for illicit activity) but we don't really have the numbers yet and I am not sure if it is possible to do it.