Why chainalysis Is Trending Today?

Chainalysis, a blockchain analytics firm, reports that criminals and their networks hold approximately $75 billion in cryptocurrency assets. The company's co-founder and CEO, Prashant Kalia, has discussed the challenges of crypto compliance in an interview. According to Chainalysis, billions of dollars in hidden cryptocurrency could potentially boost nations' foreign exchange reserves. The firm's report reveals that $75 billion in illicit cryptocurrency is held by criminal entities, with Bitcoin being the dominant cryptocurrency in these wallets.

Chainalysis, a leading blockchain analytics firm, has identified over $75 billion in illicit cryptocurrency that is currently hidden in plain sight. This significant amount of seizable crypto assets has been flagged by Chainalysis as governments worldwide are increasingly eyeing strategic reserves. The majority of these illicit holdings are dominated by Bitcoin, according to Chainalysis' latest report.

India has emerged as the global leader in cryptocurrency adoption, according to a report by blockchain analytics firm Chainalysis. The Asia Pacific (APAC) region has shown the fastest growth in crypto adoption worldwide. The United States has also seen a significant increase in crypto adoption, ranking second globally. This growth can be attributed to regulatory momentum in the country. Meanwhile, North American crypto adoption has grown by 49%, as per Chainalysis. However, Russia and Ukraine have witnessed a decline in their cryptocurrency adoption rankings.