Chainalysis: Global Cryptocurrency Impact Will Decline Further in 2022

According to Kim Grauer, research director at Chainalysis, crypto-related crimes will become a small part of the whole industry for years to come as law enforcement agencies gain insight into the latest blockchain technologies. .

According to a January 6 report from Chainalysis, the increase in the use of legitimate cryptocurrency “far outpaces the growth in illicit use.” The volume market share related to cryptocurrency is only 0.15% of the volume market in 2021, weaker than ever.

He told Cointelegraph that he expects cryptocurrency laws to continue to be used until 2022, compared to illegal use, unless there are “ unusual criminal cases".

Everything looks promising in place, as “the value of illicit trade continues to fall” and “the history of cryptocurrencies is often a trade off for investors. The evil is finally being abandoned,” he said.

"Maintaining the rule of law has allowed terrorists to undermine the realities of cryptocurrencies, namely the reluctance to launder money. When it comes to money laundering, Cash is still king, and that won't change. . "

In 2021, rug pulling is the deception of choice for crypto terrorists. In 2021, fraudulent revenue will grow 82% to $7.8 billion, with over $2.8 billion coming from lakes (which means eliminating cryptocurrency support, DEX liquid pools, and canceling plans quickly without notice. Bring your investment to market) I did.

But Grauer said that doesn't necessarily mean the rug draw is still the biggest scam in 2022. Changing, as jobs move to the web3, terrorists can "compromise on new technologies" such as DeFi, NFT and DAO.

"[2021] Especially in DeFi, hackers have started using DeFi platforms for more money laundering than just focusing on stealing or downloading."

Grauer also said he doesn't expect the cryptocurrency market to be affected by the price or type of cryptocurrency breach, but could lead to a financial slowdown or market downturn.

"When you consider the entire cryptocurrency industry, not just the cryptocurrency industry, trading and marketing can lead to crime," he said.

The year 2021 has seen many significant achievements for police organizations around the world. In November 2021, the IRS Office for the Prevention of Crimes announced that it had seized over $3.5 billion worth of cryptocurrencies in 2021 in a tax-free investigation.

Despite the low value, cryptocurrency fraud was a big hit all the time in 2021, with illegal stays rising from $7.8 billion in 2020 to $14 billion this year, according to Chainalysis.