The Web of Illicit Crypto Transactions Is Growing Exponentially

in #hopdh • 11 months ago

The first thing to realize about international money laundering is that it's far more widespread than you may imagine. Its exponential expansion is the next concept to comprehend.

The Illicit Crypto Transactions Web is Exponentially Expanding

The Financial Action Task Force (FATF) kept track of illegal cryptocurrency transactions throughout time, beginning with roughly $300 million in 2001 and increasing to over $1 billion in 2018. This information is shown in the graph above. From 2001 to 2018, this is an increase of more than 1,000%!

This surge was particularly noticeable between 2014 and 2017, when the amount of illegal cryptocurrency transactions rose by an average of 50% annually. The release of bitcoin cash (BCH) by Roger Ver in August 2017 dramatically increased its usage as an unlawful payment mechanism, which was one explanation for this sudden growth.

#qakhls #bzkdh #ybdt
11 months ago in #hopdh by
$0.00
    1 vote
    Reply 0

    Coin Marketplace

    STEEM 0.16
    TRX 0.16
    JST 0.030
    BTC 58237.47
    ETH 2479.72
    USDT 1.00
    SBD 2.38