EXPERTS WORLD NEWS Cryptocurrency laundered in 2022 surged by 67.6% 1 month ago Samuel Post Views: 76 According to BanklessTimes.com, the amount of cryptocurrency laundered in 2022 surged by 67.6%. “Crypto space is growing rapidly, and criminals are taking advantage of it. We must take steps to ensure that this type of illegal activity does not become commonplace.” – say Jonathan Merry, the CEO of BanklessTimes Money launderers are sophisticated and take advantage of the anonymity and lack of regulation in the crypto space. Often, they use a mix of traditional methods, such as shell companies and offshore accounts and crypto transactions to move large sums of money undetected. The alarming increase in crypto laundering is not only a problem for the industry. It is a big challenge to governments and law enforcement agencies as well. The rise in dark crypto money undermines the efforts to combat financial crimes. Moreover, it hampers the ability of governments to track the flow of illegal funds. The full story and statistics can be found here: Total Cryptocurrency Laundered in 2022 Recorded a 67.6% Jump Source: itedgenews.africa About Post Author Samuel I am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. See author's posts SamuelI am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. Facebook Twitter LinkedIn Email Print Tags: 2022, crypto, laundring money, offshore accounts Continue Reading Previous Get Ready for Africa 2023Next How To Make Money on Your Mobile Phone More Stories BETTING EXPERTS Is Long-Term Betting a Smart Investment Strategy? 9 hours ago Szarlot ONLINE WORLD NEWS TVBET enters distribution agreement with Golden Matrix Group 1 day ago Iwo Bulski EXPERTS GHANA Casino Industry in Ghana Compared to South Africa 1 day ago Szarlot ONLINE WORLD NEWS Slotegrator expands into Greece, Romania, and more with 1X2 Network 1 day ago Iwo Bulski EXPERTS KENYA The Future of Online Lotto Payments: Cryptocurrencies and Digital Wallets 2 days ago Szarlot EXPERTS SOUTH AFRICA Operators Betting Big On Africa’s Booming iGaming Industry 3 days ago Iwo Bulski EXPERTS KENYA The Normalisation of Mobile Money in Sub-Saharan Africa 3 days ago Szarlot ONLINE WORLD NEWS Pragmatic Play to exhibit as Premium sponsor in GAT Expo Cartagena 6 days ago Iwo Bulski EXPERTS NIGERIA How workers, agents impact on gaming industry 1 week ago Szarlot ONLINE WORLD NEWS Slotegrator partners with Panga Games 1 week ago Iwo Bulski EXPERTS NIGERIA How investing in Africa became the new trend 1 week ago Szarlot EXPERTS ZIMBABWE Goverment deploys technology to monitor gaming activities 1 week ago Samuel Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.