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New Study Finds Only 0.3% Of Crypto Transactions Flagged As Illicit, Cash Remains King

Bitcoinist LogoBitcoinist12h ago

New Study Finds Only 0.3% Of Crypto Transactions Flagged As Illicit, Cash Remains King - Bitcoinist

Quick Summary:

A recent study has found that despite the long-held belief that crypto assets facilitate criminal activity, perpetrators still overwhelmingly prefer cash for their illicit transactions.

The report also emphasized the need for international cooperation to combat national security threats, particularly since much illegal digital asset activity occurs on offshore exchanges outside US regulations.

The report indicates that only 0.34% of total on-chain crypto transaction volumes were flagged as potentially illicit in 2023, a decrease from 0.42% in 2022.

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New Study Finds Only 0.3% Of Crypto Transactions Flagged As Illicit, Cash Remains King - Bitcoinist (Picture 1)

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-03 @ 12:00:35 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 486 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22863424

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 10 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 13 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "New Study Finds Only 0.3% Of Crypto Transactions Flagged As Illicit, Cash Remains King" has 486 words across 28 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "New Study Finds Only 0.3% Of Crypto Transactions Flagged As Illicit, Cash Remains King" was covered 12 hours ago by Bitcoinist, a news publisher based in Hungary.

How trustworthy is 'Bitcoinist' news outlet?

Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 10 news stories per day.

It's most recent story was published 13 hours ago.

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  • News ID: #22863424
  • URL: https://beamstart.com/news/new-study-finds-only-03-17279590462608

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