Messari study: laundering 800 times more money in fiat currencies than in BTC
The results of the new research of the analytical company Messari confirm the assumption that the cryptocurrency does not play a big role in illegal financial activities all over the world. According to Messari, for every dollar in BTC spent on the darknet, $ 800 in fiat currency is laundered.
Although some regulators recognize that cryptocurrency companies carry low risks in the area of money laundering and terrorist financing, there are constantly reports of detentions of traders who laundered millions in cryptocurrencies.
A drug dealer from Silk Road, who is accused of laundering $ 19 million through BTC, was arrested the other day, and in the spring, Brazilian police arrested a suspect in running an underground drug lab and using bitcoin to launder illegal incomes.
In addition, in April three drug dealers on the darknet were accused of laundering $ 2.3 million through BTC, and last year the European police seized cryptocurrency worth € 5.7 million from the darknet traders.
And we remind that the largest darknet market is now in Russia. And Russia is one of the leaders in the exchange of Bitcoin in Fiat.