Illegal trade in bitcoin was less than 1%

in cryptocurrency •  7 years ago  (edited)

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Elliptic, a British cyber security company, Elliptic, specializing in creating tools to identify criminalities related to block chain transactions, announces analytical reports of worldwide bitcoin market focused on money laundering Did.

According to our survey, the proportion of certain "dirty bit coins" used for conversion services was relatively small. Only 0.61 percent of the funds deposited in the analyzed 4 year conversion service could be verified from fraudulent sources and the highest percentage (1.07%) was seen in 2013.

The new results on fraud trade analysis done on the block chain reveal that it is less than 1% of all virtual currency bitcoin transactions.

The condition itself of how fraud is measured is ambiguous. However, money laundering related to terrorist financing and virtual currency bitcoin crime against crime are said to have been exaggerated and reported.

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This is great! People are using bitcoin less for illegal purposes!


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