Bitcoin and money laundering

A recent report by the united group of analysts of the bitcoin network from FDD and Ellicit indicates that more than 1% of total bitcoin transactions are related to money laundering .

As a result of the analysis of the flow of money flowing in the bitcoin network, it became possible to launder money using the largest crypto currency in terms of capitalization. The report, prepared on the basis of the analysis, indicated that money laundering is not a problem, despite the words of some critics of crypto currency.

The report says:

"The number of observed transactions for money laundering through bitcoins is not significant. Such transactions are carried out on the black market. Such sites as Silk Road, and later AlphaBay are the source of almost all illegal operations with bitcoins."

The report also indicates that the vast majority of illegal bitcoin transactions were processed in Europe, where there are five times more illegal transactions than in North America.

The report also says that the best way to combat illegal activities is to introduce more stringent measures to combat money laundering through legal methods.