While banks are actively trying to trace illicit crypto-related transactions, they might be looking in the wrong place, says CipherTrace. Financial institutions could be missing up to 90% of cryptocurrency-related transactions because they ignore smaller digital asset exchanges, according to the latest report by blockchain forensics firm CipherTrace.
“CipherTrace research has found that a typical name-based system may entirely miss up to 70% or more of the crypto exchanges out there, and up to 90% of the actual transaction volume,” said the researchers.
Source:
https://decrypt.co/41403/banks-must-cast-wider-net-in-search-for-illicit-bitcoin-ciphertrace