52% of criminal bitcoins went through Binance and Huobi in 2019

According to a study by Chainalysis, in 2019, most of the $ 2.8 billion bitcoins related to criminal activity were transferred through only two large crypto exchanges.

The report says that Binance and Huob carryresponsibility for the acquisition of the main share of the cryptocurrency used in the criminal world. According to analysts, in 2019, these two platforms received 27.6% and 24.7% of criminal bitcoins, respectively, and all other exchanges received a total of 47.8%.

During this period, Binance and Huob received “dirty” funds of 300,000 individualaccounts related to criminal activity. At the same time, 75% of the amount of illegal coins received on the platform was transferred out of a total of 810 accounts.

Researchers note that in Huobi's list of accountsincludes wallet addresses of 70% of the largest over-the-counter money laundering brokers. At the same time, not a single account was found on Binance.

The exchanges themselves claim that they use only certified KYC and AML technologies, as well as additional tools to combat money laundering using cryptocurrency.

In connection with the use of digital assets in criminal operations, the Ministry of Internal Affairs and other law enforcement agencies of Russia were instructed to develop legal mechanisms for their arrest and confiscation by 2022.

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