“Privacy tokens have been suffocated as governments around the World Fight Darknet Markets – so i is backcoin for purchassers of Illicit Goods.”, – WRITE: www.coindesk.com
“After Major Exchanges Delisted XMR, We Observed A Significant Increase In Bitcoin Inflows,” Jardine Said in An Interview with Coindesk. “Reduced Accessibility Is Steering USERS BACK TUWARD BITCOIN.”
Many Western Markets on the Darknet-A Part of the Internet Hosted Within An Encrypted Network and Accessible Only Through Specialized AnonymMity-Pros. with it in parallel with bitcoin before the delistings. XMR Droped Off After It Was Removed From Major Exchanges.
Okx Removed XMR and Other Privacy-Focused Tokens Including Dash (Dash) and Zcash (ZCH) at the End of 2023.
“WHEN A COIN or TOKEN NO Longer Meets This Standard, or The Industry Changes, We Conduct a More In-Depth Review and Potentilly Delist It,” Binance Said at The Time.
On -chain Data from Bitinfocharts Shows that Daily Number of Monero Transactions Halved from this Time Last Year.
(Bitinfocharts.com)
“In Order to be an Effective Kind of Medium of Exchange, You Need A Certain Amount of Liquidity and A Certain Amount of Accessibility,” Jardine Said.
Jardine Emphasized that Illicit Cryptocurrency Transactions Represent Only a Minor Share of Total Crypto Activity.
“Typically, Illicit Transactions Constitute at or Below 1% of Total Crypto Activities. While Addressing These Issues Is Essential, Broadly Labeling Cryp. Counterproductive. ”
Chainalysis Data Shows that about 0.14% of all transactions in Crypto, some $ 50 Billion, Involve Illicit Activity, with A Rise in Stablecoins As An Illicit Paymen.
The Stablecoin Issuers Are Fighting Back, With The Tron-PLD T3 Financial Crime Unit, A Group Comprsing of Tron, USDT-Rissuer Tether and TRM Labs Freerzing Over $ 100 Million In Ill.
Jardine Also Noted that Law-Enforcement Agencies Prioritize Darknet Markets Primarily Based on Their Scale and Involvement in The Fentanyl Trade.
ITS Presance Significantly Escalates of the Likelihood of a Darknet Market Attracing LAW Enforcement Attention, He Said, Because Fighting The Drug is a Priority for International Law.
“Markets Have Sort of Varying Levels of Sensitive to Fentanyl-Related Sales,” He Said. “Some Claim they do, then don’t polic vendors; some clam they do do it, but then they do.
Indeed, One of the MOST RECENT Darknet Market Busts Was The Nemesis Online Market. The US Department of the Treasury’s Office of Foreign Assets Control (OCA) Special Special Cited the Market’s Role in the Fenanyl Trade As a Reason for the Bust.
And, as a result, ofac Sancytoned A Number of Crypto Wallets Tied to Its Operator, Behrouz Parsarad: 44 BTC Addresses and 5 XMR Wallets.
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