‘Risky or illicit’ transactions represent the highest rate of any region measured by the blockchain analytics firm.
Crypto activity determined as “high risk” is more prevalent in Eastern Europe than in any other region, amidst the Russia-Ukraine war, according to a Thursday report by blockchain analytics firm Chainalysis.
Eastern Europe is the fifth-largest regional cryptocurrency market, according to Chainalysis, with US$630.9 billion in value received on-chain between July 2021 and June 2022. That represents 10% of global transaction activity during the period studied, which is relatively in line with past performances.
About 18% of the crypto activity in Eastern Europe is associated with “risky or illicit” activity, according to the report, representing the highest rate of any region measured by Chainalysis. However, it is primarily from transactions considered risky, with the bloc’s rate of illicit transactions below sub-Saharan Africa and Latin America and on par with North...
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