Crypto crime hits Eastern Europe hard | Crypto

Crypto crime hits Eastern Europe hard

– Eastern Europe has the highest rate of cryptocurrency activity associated with “risky or illicit” activity, according to a report by blockchain analytics firm Chainalysis.

– The high rate of risky activity is driven by the prevalence of “high-risk exchanges” in the region, which have little to no know-your-customer (KYC) information standards.

– Russia and Ukraine have seen increases in crypto-related transactions since the war began in March.

– However, Ukraine has seen a steady increase in crypto-to-crypto transactions since March.

old map of central europe with war threats to ukr 2022 05 01 23 35 04 utc Crypto crime hits Eastern Europe hard

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