US Treasury report finds crypto use in illicit financial activity remains small but growing fraction of total flows

The U.S. Treasury Department said on Feb. 8 that its latest risk assessments show that virtual assets currently represent a small fraction of total money laundering flows compared to fiat currencies; however, they are becoming an increasing concern for regulatory and enforcement agencies. The regulator revealed the findings in its 2024 National Risk Assessments for […] source: https://cryptoslate.com/us-treasury-report-finds-crypto-use-in-illicit-financial-activity-remains-small-but-growing-fraction-of-total-flows/