The Currency analytics
By Julie Binoche
Crime follows money. And crypto criminals are pretty much abandoning the big exchanges that once made laundering digital assets relatively straightforward, according to new data…
The shift is dramatic. Chainalysis dropped this bombshell finding on January 28, showing how money launderers are racing toward decentralized finance platforms instead of the…
The rise of Chinese-language money laundering operations is getting scary, according to the report.
Centralized exchanges used to be the go-to choice for washing dirty crypto. Users had to verify their identities, upload documents, and jump through hoops that created paper…
Regulators are freaking out, and they should be. The anonymity that DeFi platforms provide is undermining years of work to build anti-money laundering frameworks for crypto.
Law enforcement faces a nightmare scenario. Traditional investigation methods that worked for centralized exchanges are useless when dealing with decentralized protocols.
Chinese-language networks are the biggest problem. These operations aren't just growing in size - they're expanding their reach globally and teaching other criminal groups their…
Some exchanges are trying to fight back. Binance announced on January 22 that it's investing in better analytics tools to catch bad actors.
The crypto world is at a turning point, and it's not pretty. Chainalysis made it clear that current regulatory approaches can't handle what's happening with DeFi laundering.
Financial institutions are getting nervous about crypto exposure. Banks that were warming up to digital assets are now second-guessing their strategies.
International cooperation is basically non-existent right now. Chainalysis called for coordinated global action, but that's easier said than done when different countries can't…
The Financial Action Task Force dropped its own warning earlier this month. FATF found widespread non-compliance among virtual asset service providers, which basically means the…
Chainalysis ended its report with a stark warning about criminal adaptability in crypto. The firm said continuous innovation in regulatory practices is crucial, but criminals are…
Chinese authorities didn't respond to requests for comment about the laundering networks. Further regulatory measures remain unclear as the global landscape shifts rapidly toward…
The People's Bank of China banned cryptocurrency transactions in September 2021, yet Chinese-language laundering networks continue expanding operations through overseas platforms.