Posted on 01/15/2023 10:06:29 AM PST by catnipman
Illicit use of cryptocurrencies hit a record $20.1 billion last year as transactions involving companies targeted by U.S. sanctions skyrocketed, data from blockchain analytics firm Chainalysis showed on Thursday.
Even as overall crypto transaction volumes fell, the value of crypto transactions related to illicit activity rose for the second year running, Chainalysis said.
Transactions associated with sanctioned entities increased more than 100,000-fold in 2022 and made up 44% of last year's illicit activity, Chainalysis said.
(Excerpt) Read more at reuters.com ...
btw, the 20 billion transferred between terrorists and criminal organizations doesn't even count the far greater amount that was defrauded from millions of greedy and ignorant marks ...
They've got to do business, regardless of how difficult the US makes it.
This sounds like a great argument for crypto - to circumvent overreaching governments.
Clearly we need a global, centralized digital currency.
Side note - Your chocolate ration is increased to 25 grams...
The chocolate bars here are sold at 100 grams each. Does that mean I can only eat one quarter of the bar per day?
Yes, if you exhibit a proper level of anger and disgust during the daily Two Minutes of Hate.
Double plusgood brothers and sisters thanks to BB !
Well the unofficial 2 minutes here at FR will have to do.
You have two options:
1. Go onto a UKR v RUS thread and make a ridiculously biased statement.
2. Go to a Trump or DeSantis thread and trash the opposing side of the article.
Makes Bernie Madoff’s debacle, look like a childish misdemeanor
(Clearly we need a global, centralized digital currency.)
It’s where it will end up IMHO.
A Global Digital Currency.
Requiring a 999.
Or something like that.
✝️🙏🛐
The old crevo threads seem to have waned a bit however the endless war between the states threads are still a reliable source of conflict here but it just feels weird saying Lincoln or Jefferson Davis sucks so I’ll go with your options.
It’s nice to see you grow in your levels, and subjects, of hate.
“Regulators stepped up calls for more consumer protection.”
Yeah. It’s all about the government protecting us....
What is a "sanctioned entity"? Kind of a nebulous term.
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