Bitcoin Doesn`t Cope With The Role Of “Shadow Finance”

The number of BTC transactions related to illegal activities does not exceed 1%, the reputable analytical company Elliptic informs. The company's specialists are engaged in tracking transactions with the first cryptocurrency since 2012. At that time, this indicator was at the level of 35%.

Elliptic representatives said that they make the calculations based on the real exchange rate at the time of the transaction.

Co-founder and chief scientist of Elliptic Tom Robinson told: “I think this is due to the introduction of anti-money laundering (AML) regulations, the work of law enforcement, and the AML efforts of crypto exchanges and other businesses.”

Recall, the analytical agency Chainalysis carried a similar study in 2019, then this figure was only slightly higher and amounted to 1.1%.

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