Chainalysis details the extent to which money launderers use blockchain “to launder funds from a broader range of illicit activities beyond the conventional understanding of crypto crime."
Stablecoin purchases accounted for 4.3% of Turkey’s GDP, the highest ratio globally; the U.S. ranked fourth at 0.5% despite having significantly higher volumes.
Partnering with Chainalysis, the IRS insisted on the need for digital asset sales to be reported on businesses' tax returns, threatening evaders with repercussions for non-compliance.
Once a global hotspot, Eastern Asia has dropped below its peers after China banned digital assets, but Hong Kong is a potential tailwind for the region, according to analysts at Chainalysis.
India's Ministry of Home Affairs is developing CIAT, a tool to monitor digital currency transactions, combat fraud, and enhance security, focusing on dark web activities.
Chainalysis recent report looks at both on-chain and real-world data to measure the 'grassroots' adoption of blockchain technology and digital currencies.
Onchain analytics firm Chainalysis and professional services firm Deloitte join forces to deploy KYC and AML tools, assisting law enforcement in taking down digital currency bad actors.
'Crypto' crime inflows slumped over $5.2 billion this year from the same period in 2022, with authorities crediting it to the reduction in outright scams and the demise of two major criminal groups.
The center will provide blockchain training for law enforcement across the region and offer 24/7 case support for local law enforcement as part of the collaboration, according to Chainalysis.
Chainalysis reports that scammers brought in $5.9 billion in 2022, a dip from the $11 billion from previous year, although romance scams account for a disproportionate share of victims.
Apart from the planned meeting with EU officials on the MiCA regulations, U.S. authorities will also hold talks with controversial digital asset firms, including Binance, Ripple, and Coinbase.
The Chainalysis report says that a record 48% all cyber criminals now prefer centralized exchanges, shining a light on Binance and other unregulated exchanges.
