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Criminals laundered $2.8B in 2019 using crypto exchanges
- T-A 6y agoThis is from January 2020. The 2021 report is here: https://blog.chainalysis.com/reports/2021-crypto-crime-report-intro-ransomware-scams-darknet-markets https://blog.chainalysis.com/reports/2021-crypto-crime-repor...
- deleted 6y ago[deleted]
- biolurker1 6y agoAnd how much using HSBC and Deutchebank?
- 1996 6y agoSeveral orders of magnitude more - but they paid the government for forgiveness, a bit like nobles used to buy forgiveness in the middleages :)
- did7eyrhrh 6y agoI don't think you're making the point you think you're making to anyone but idiots. At the very least the banks could be forced to pay any sum of money at all and their structures could be evaluated and attacked as needed. What recourse would the government have in a system that leaned primarily on cryptocurrency instead of banks?
- anm89 6y agoCompared to how much in traditional currencies? I would imagine less than a couple perecnt of global money laundering happens in cryptocurrencies.
- pii 6y ago:-\ approximately 0% of global commerce happens in crypto. criminal activity of a variety of kinds is an above average use case for crypto
- anm89 6y agoSure but every criminal in the world has access to it. If it was inherently superior at money laundering, money laundering would have very quickly shifted to crypto. But it turns out they use it just about as much relatively as anything else.