Another caveat to the research is the prevalence of transactions with sanctioned entities, which accounted for a combined $14.9 billion (61.5%) of volume in 2023. Some of this $14.9 billion includes transactions from normal crypto users who happen to live in sanctioned jurisdictions. After all, not all of the Russia-based crypto exchange Garantex, which was sanctioned by the relevant bodies in both the U.S. and U.K. are using crypto for money laundering and ransomware.
Related posts
-
Crypto Industry Is Recovering From Crypto Winter Faster Than Internet From Dot-Com Crash : Architect Partners
Deal activity is also on the rise, with the announced transaction value in the second quarter... -
Hong Kong Professor: China’s Crypto Mining Ban Shifts Businesses to US
Professor Wang Yang, vice president for institutional advancement and... -
Crypto Analyst Says Next Bitcoin Target Is $78,700 If BTC Breaks This Resistance
An analyst explained that the next target for Bitcoin could be $78,700 if BTC could cross...