Dirty crypto money has never been more vulnerable to law enforcement after report finds only 270 addresses responsible for 55% of all cryptocurrency money laundering - AML Intelligence
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Dirty crypto money has never been more vulnerable to law enforcement after report finds only 270 addresses responsible for 55% of all cryptocurrency money laundering

“Law enforcement could significantly hamper cybercriminals’ ability to convert cryptocurrency into cash by identifying and prosecuting the owners of these deposit addresses.”

By Vish Gain for AMLi

ECONOMICS HAS TAUGHT us that one of the fundamental features of unregulated free markets is the rise of monopolies. Now, it looks like the world of money laundering is no exception to the rule as a new report has found that most illicit fund transfers using cryptocurrencies in 2020 were concentrated in the hands of a few service deposit addresses. But unlike in real markets, monopolistic tendencies in the world of dirty crypto money is good news.

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