Money laundering in crypto continued to rise between 2020 and 2021, although the illicit activity still remains below its all-time high from 2019. However, the takedown of two major illegal services in the past year may have made the activity less concentrated, blockchain intelligence firm Chainalysis said in a new report.
Overall, Chainalysis said that USD 8.6bn worth of cryptoassets was laundered in 2021, a 30% increase from USD 6.6bn the year before….
Read More: Crypto-Based Money Laundering Still on the Rise, DeFi Gets Bigger Role