"A 2021 report from Chainalysis revealed that in 2019 about 2.1% of all cryptocurrency transactions accounted went into criminal activity. This is roughly $21.4 billion in transaction volumes. Meanwhile, the UN estimates that between 2% and 5% of global GDP (that is between $1.6 and $4 trillion in fiat currency) goes into illicit financing and money laundering every year. To paint a clearer picture, criminal activity using fiat currencies is 160 times more than its crypto counterpart."
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