It's NOT WHAT YOU THINK!! This Report is a Must Read!
Crypto's use in illicit activity has been a hot topic for quite some time, and it's recently come to the fore again because of the sanctions against Russia in response to it's invasion of Ukraine. As it so happens, Chainalysis recently released an in-depth crypto report for 2021.
Naturally, I took it upon myself to unpack the report which is currently 140 pages long. Chainalysis noted that they might add some extra stuff as they discover more that happened in 2021, so you'll notice they mention a few events related to 2022.
If you didn't know, Chainalysis is the largest blockchain analytics company out there and they've been tracking every single one of your (and my) crypto transactions. This has made them a somewhat controversial company, but it looks they're paradoxically pro crypto.
There's obviously way too much in the report for me to mention here, so I'll just hit you with the most mindblowing statistic: around 0.15% of all crypto transaction volume is associated with illicit activity compared 5% for regular fiat currency transactions. Let that sink in.
This is just one of the many crazy stats Chainalysis found, and trust me when I say that it's good to know what the others are, especially if you find yourself arguing a lot with no coiners.
⛓️ 🔗 Useful Links 🔗 ⛓️
► Chainalysis 2022 Crypto Crime Report Full: https://go.chainalysis.com/2022-Crypt...
► Chainalysis 2022 Crypto Crime Report Summary: https://blog.chainalysis.com/reports/...
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.