Chainalysis

Analytical firm Elliptic, employees of the Massachusetts Institute of Technology (MIT), and IBM corporation used methods to determine the share of criminal transactions related to the Bitcoin network. So, the researchers studied 203,769 transactions, the total cost of which amounted to about $ 6 billion. It turned out that only 2% of these transfers are related to illegal activities. The share of "net transactions" is 21%, and […]

The Financial Action Task Force on Money Laundering (FATF) decided to tighten the regulation of the cryptocurrency industry, in particular, to oblige the bitcoin exchanges and other cryptocurrency service providers (VASPs) to comply with AML and CFT (countering the financing of terrorism) procedures similar to traditional financial companies. Embargo Virtual Asset Guidance by ForkLog on Scribd So, despite the criticism of the proposals and warnings about […]