Considering the previous year, the rate of cryptocurrency crime had massively increased both on the clearnet and the dark web. However, it has been seen that 2020 bears the highest record for the hidden and unreported crypto crime.Statistics show that 80% of the cryptocurrency relegated black hat hacking and fraud cases have never been reported to law enforcement in that year. There is no global government repository of the cryptocrimes that may combine the information from the law enforcement agency from the local zones, private sector forensic financial investigators, and legal offices.An analysis of the cryptocurrency crime reveals that the total crypto crime occurring in 2020 has amounted to only below 10.52 billion USD. This is just enough to purchase 70,726,934 AK-47s (148 USD per locally produced Pakistani model). When these AK-47s are stacked end to end, it is capable of circumnavigating the Earth\u2019s equator 1.6 times. However, this amount fades in comparison to the complete traditional financial crime.The Central bankers have continued to accept the negative view of the Bitcoin (BTC) cryptocurrency and the other crypto assets. The president of the ECB, Christine Lagarde, had stated last month that Bitcoin is used chiefly for rigorous money laundering. That being said, the crimes associated with fiat currency is a much bigger problem. Last year, the FinCen files had laid bare bearing an annual cost of money laundering alongside the associated crimes being 1.4\u20133.5 trillion USD, as EY had mentioned.Considering the lower band of the 1.4 trillion USD worth of financial crime in the traditional markets, those funds are enough to purchase AK-47s that could be stacked end to end and could make 21 trips to the Moon.47\u00bd of the world\u2019s estimated gun supply, or 9.5 billion AK-47s, is a lot for well-armed terrorists.Irrespective of most of the billion dollars crypto\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Considering the previous year, the rate of cryptocurrency crime had massively increased both on the clearnet and the dark web. However, it has been seen that [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/4365"}],"collection":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/comments?post=4365"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/4365\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/media?parent=4365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/categories?post=4365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/tags?post=4365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}