Crypto Money Laundering is Down 30%

TL;DR

• Chainalysis just reported that crypto money laundering dropped 30% in ‘23 (compared to 2022), from $31.5B in illicit trade, to $22.2B.

Full Story

There’re a handful of government officials that loooove talking about how crypto can be used for money laundering.

Which it absolutely can be.

(But so can cash, casinos, and coin laundries).

Point is, as long as there is money in the world, there will be money laundering.

The good news is (on the crypto side of things):

Chainalysis just reported that crypto money laundering dropped 30% in 2023 (compared to 2022), from $31.5B in illicit trade, to $22.2B.

With the analytics firm noting:

"DeFi’s inherent transparency generally makes it a poor choice for obfuscating the movement of funds.”

(Can someone send this to Senator Warren?)