Chainalysis: from 2019 in China received $2.2 billion in dirty cryptocurrencies – Bits Media

According to Chainalysis, in the period from April 2019 years to June 2021 years to Chinese cryptocurrency addresses, related activities, More was sent $2.2 billion in cryptoactives.

According to the report of the analytical company Chainalysis, China is still leading in The number of cryptocurrency users, Giveled the United States. For the specified period for Chinese addresses, related to cryptocurrency fraud and operations in the Darknet market, cryptocurrencies were sent in the amount of more $2.2 billion. Chainalysis analysts noted, that China was an important part of the ecosystem of cryptocurrencies, Therefore, his share is a large number of crimes, associated with digital assets.

Analysts separately mentioned the illegal turnover of fentanyl by Chinese manufacturers, Many of which sold him for cryptocurrencies. In August 2019 year management for foreign assets control (I DO IT) imposed sanctions against Futsyzin Zhen (Fujing Zheng), heading Zheng Drug Trafficking Organization for Fentanil delivery to the United States. Zheng used bitcoin to launder income, obtained by criminal means. Chainalysis analysts have found out, that his address of Bitcoin received about $23 000 в BTC.

However, over the past two years, the volume of transactions in China with addresses, convicted of the use of "dirty" cryptocurrencies, Reduced sharply. This is mainly due to the closure of large cryptocurrency pyramids, Such as PLUSTOKEN, aimed at Asian users. The total damage from the Plustoken pyramid is estimated $7.6 billion. In reported indicated, that in most cases washing money using cryptocurrencies occurred using venue (OTC).

The activities of such platforms in China are strictly suppressed. In June, the authorities of China arrested more 1 100 suspects of money laundering through digital assets. These arrests may be related to the ban on cryptocurrency in the country, However, analysts are wondering, Will such measures help reduce the influx of illegal funds to Chinese cryptocurrency organizations and OTC.

Besides, Analysts noted, that after the prohibition of mining in China, The dominance of this country in the cryptocurrency market continues to weaken. However, according to the Cambridge Center for Alternative Finance (Cavalry), The share of Chinese miners in the general hashrate of Bitcoin steadily declined to prohibitive measures, implemented by the authorities of China.