Since 2017, more than $33 billion of black money has flowed into the currency market, most of which has ended up on decentralized exchanges. Much of it ended up on decentralized exchanges, with $8.6 billion in black money in the currency market in 2021.Growth over 2020 30%。
Chain Data
Chainalysis confirmed 4068 criminal whalesCryptocurrency holdings are worth more than $25 billion, and the criminal whales accounted for3.7% among all whales。
Finding the source of the money - using time zone analysis to try to estimate the location of the criminal whale
The vast majority of OTC exchanges require KYC/KYT to prevent money laundering by their clients. Each transaction is stored on the blockchain, making it easier to track how criminals transfer assets between wallets and even convert them to cash.
There are 768 criminal whales in the UTC time zone 2/3/4 which has the highest number of whales and the most assets. This time zone mainly includes Russian cities such as Moscow and St. Petersburg.
Blockchain TechnologyAllow law enforcement to track criminals from a public database.This is something that cannot be done with conventional technology. This is not possible with traditional technology. Blockchain is not completely anti-money laundering, but it can be more effective than the real world.More transparent, simple and direct channels to make the investigation process easier.。
Whether legal tender or cryptocurrency is used, it is difficult to stop money laundering. When some big players can't even stop physical money laundering, how can they criticize blockchain, which has the property of data tampering, as being even more conducive to promoting money laundering?
In real life, criminals own foreign banks and shell company networks to obfuscate their assets; on the blockchain, although their identities are anonymous, they don't launder their money, do they? As long as they transfer money to decentralized exchanges or try to withdraw money through OTC, they are more considerate than others.
Or you will ask "so it is not out of the gold you are pulling it is not to", right ah, so even if the blockchain data to survive, but are not prevented. If you are talking about the blockchain, can it be prevented in real life? Some officials and businessmen continue to launder money.
At least every action on the blockchain can be followed, but what about in real life?