800 Times More money Laundered in Fiat Currencies Than in BTC

New data indicate that 800 times less money is laundered in Bitcoin than in fiat currencies.

In the results of a new study
a research firm Messari confirmed the assumption that the cryptocurrency does not play a big role in illegal financial activities around the world. According to Messari, for every dollar in BTC spent on the darknet, $ 800 in fiat currency is laundered.

The company said it decided to present these statistics as a direct response to the recent criticism of Bitcoin by politicians, especially in the United States, where Congress held several hearings on cryptocurrency last week.

Although some regulators recognize that cryptocurrency companies carry low risks in the area of money laundering and terrorist financing, there are constantly reports of detentions of traders who laundered millions in cryptocurrencies.

A drug dealer from Silk Road was arrested the other day and is accused of
in laundering $ 19 million through BTC, and in the spring the Brazilian police arrested
suspected of managing an underground drug lab and using bitcoin to launder illegal income.

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In addition, in April, three darknet drug dealers were accused of laundering $ 2.3 million through BTC, and last year the European police seized € 5.7 million cryptocurrency from the darknet traders.