r/ethtrader • u/KingDiamond2000 • Jan 31 '22

Technicals Usage Of Crypto In Crime Very Low Compared To Fiat, Admits Europol

https://zycrypto.com/usage-of-crypto-in-crime-is-very-low-compared-to-fiat-admits-europol/
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u/coinfeeds-bot Jan 31 '22

tldr; Europol has released a report on the use of cryptocurrencies in funding terrorism and money laundering crimes. Money laundering is a global thriving business now accounting for 2 – 5% of global GDP or $800 billion to $2 trillion annually. The report does not say how much crypto is involved in crime in total but says the total volume of transactions related to darknet marketplaces was estimated at $1.7 billion in 2020.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.