Did you know??

While critics of cryptocurrencies try to discredit them by linking them to terrorism financing and criminal activities, the reality is quite different.

According to Chainalysis*, cryptocurrency-related crime accounted for only 0.34% of the total volume of on-chain transactions in 2023.

* Chainalysis is a technology company specializing in blockchain analysis. They provide software and services for deciphering transactions on various blockchains. Here are some key points about Chainalysis:

• Blockchain Analysis: Chainalysis assists businesses, governments, and financial institutions in understanding how actors interact on blockchains. They use advanced techniques to analyze cryptocurrency transactions and provide information on illicit activities, such as money laundering or terrorism financing.
• Compliance and Regulation: The company offers tools to help institutions comply with current regulations, particularly in terms of anti-money laundering (AML) and know your customer (KYC) policies.
• Research and Reports: Chainalysis publishes research reports on various aspects of the cryptocurrency ecosystem, including market trends, illicit activities, and risks associated with certain operations or digital assets.
• Tools for Investigations: Government agencies often use Chainalysis services to investigate criminal activities related to cryptocurrencies, such as fraud, fund theft, and other financial crimes.
• Global Reach: With the growing popularity of cryptocurrencies, Chainalysis has positioned itself as an important reference for players seeking to understand and navigate this complex and constantly evolving space.

In summary, Chainalysis plays a crucial role in providing blockchain analysis tools for various stakeholders in the cryptocurrency ecosystem, helping to both secure transactions and ensure regulatory compliance.

Disclaimer: I am posting in a personal capacity. My statements do not commit any organization or company.

This is not investment advice. Do your own research.