Crypto-Based Money Laundering Still on the Rise, DeFi Gets Bigger Role
Money laundering in crypto continued to rise between 2020 and 2021, although the illicit activity still remains below its all-time high from 2019. However, the takedown of two major illegal services in the past year may...
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Money laundering in crypto continued to rise between 2020 and 2021, although the illicit activity still remains below its all-time high from 2019. However, the takedown of two major illegal services in the past year may have made the activity less concentrated, blockchain intelligence firm Chainalysis said in a new report.
Overall, Chainalysis said that USD 8.6bn worth of cryptoassets was laundered in 2021, a 30% increase from USD 6.6bn the year before....
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