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Chainalysis Report Says, Better Regulation Could Curb Crypto Scams
Summary: Highlighting illicit activities last year, Chainalysis' 2019 Crime Report published the findings of 0.08% bitcoin transactions being sent to criminal entities for the years 2018 and 2019 (Coin Desk). Scammers received around $8.6 billion in crypto transactions while criminal activity totaled to $12.5 billion. Better enforcement of regulations on crypto exchanges can tackle these activities. ...
Highlighting illicit activities last year, Chainalysis' 2019 Crime Report published the findings of 0.08% bitcoin transactions being sent to criminal entities for the years 2018 and 2019 (Coin Desk).
Scammers received around $8.6 billion in crypto transactions while criminal activity totaled to $12.5 billion. Better enforcement of regulations on crypto exchanges can tackle these activities. It is up to regulators and law enforcement agents to become familiar with analyzing blockchains and record transactions on public ledgers.
By Claudia Rivera
Tags: Chainalysis,Crime Report,Money Laundering,Scams
Link: Chainalysis Report Says, Better Regulation Could Curb Crypto Scams [Copy]
