Money Laundering of Crypto Assets Reaches $8.6 Billion in 2021

[mlawson71]

Cryptocurrency popularity surged in the past year, and with them surged the fraudulent laundering of cryptocurrencies. In 2021 said laundering was worth some 8.6 billion US dollars, which is over 30% more than the sum for 2020, which was 6 billion US dollars.
According to a recent report, cyber criminals have laundered about 33 billion US dollars since 2017. That said, in 2021, the money laundering of digital assets was only 0.05% of all global cryptocurrency transactions.
Even more importantly, according to the UN Office of Drugs and Crime, between 800 billion and 2 trillion US dollars in fiat currencies are being laundered every year, which is 5% of the global GDP.
Source
Frankly, in comparison, the laundered cryptocurrencies are not even a drop in the bucket.