Researchers from the Chainalysis company found that the share of the criminal use of bitcoin and other cryptocurrencies has significantly decreased in 2020.
However, such tools are still very popular among criminals due to the fact that they can be used to send funds anonymously, the analysts said in a report.
The share of the criminal use of cryptocurrency fell to 0.34% or to $ 10 billion compared to 2019. At that time, just over 2% of transactions with bitcoin and other coins were carried out by criminals. The total amount of such transactions was approximately $ 21.4 billion.
The scale of crypto scams is also decreasing, as evidenced by the decrease in the number of financial pyramids, whose organizers urge people to invest in dubious tokens. Chainalysis notes that about 54% of criminal transactions take place on the darknet. The volume of such transactions grew from $ 1.3 billion in 2019 to $ 1.7 billion last year.
The coronavirus pandemic has forced many people to stay at home and work remotely. This is exactly what the extortionists and various swindlers took advantage of.
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