Report: On-chain illegal cryptocurrency activity down nearly 20% since January
2024-08-16 13:32:10
Blocks analytics companies chainalysis reports shows since sincedesk3cryptocurrencydesktopCrypto News
The latest report from blockchain analytics firm Chainalysis shows that illicit cryptocurrency activity has decreased since the beginning of the year, while inflows into legitimate services have reached their highest level since the last bull market in 2021. Year-to-date, total illicit activity has declined by 19.6%, from $20.90 billion to $16.70 billion. The report states that in addition to the decrease in illicit activity, inflows into legitimate services have also reached their highest level since the peak of the last cryptocurrency bull market in 2021. This shows that cryptocurrencies are being consistently adopted globally.
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