#CardanoDebate Germany has seen a significant rise in crypto-related money laundering reports, with an 8.2% increase in 2024 compared to the previous year. The German Financial Intelligence Unit (FIU) received 8,711 reports, accounting for 3.3% of all suspicious activity reports submitted to the agency. This marks a 23.6% increase since 2020.
*Key Statistics:*
- *Total Reports:* 8,711 crypto-related reports filed in 2024
- *Increase:* 8.2% rise compared to 2023
- *Percentage of Total Reports:* 3.3% of all suspicious activity reports
- *Dominant Cryptocurrencies:*
- *Bitcoin*: Predominantly featured in reports
- *Ethereum*: Second most reported cryptocurrency
- *XRP*, *Tether*, and *Litecoin*: Also frequently mentioned
The FIU attributes this trend to the growing use of digital assets and an overall increase in financial crime. To combat this, experts suggest utilizing AI-powered detection tools to better identify illicit activities.#IsraelIranConflict $BTC