Cryptocurrencies have come to the fore in certain main issues since the first day they came out. Security, decentralization, intermediary and commission-free transfer and anonymity. Although the majority of crypto transactions today are carried out on centralized exchanges, some users do not want to give up these privacy and peer-to-peer features. At this point, crypto mixers that significantly increase anonymity come to the fore. According to crypto analytics company Chainanalysis, the use of these mixers is growing rapidly.
The Impact of Nation States and Illegal Transactions on Crypto Mixer Activity is Great
According to Chainalysis, one of the popular Blockchain data analytics companies, crypto mixer usage reached all-time highs in 2022, with significant volume contributions from nation-state actors and cybercriminals. At this point, it is useful to underline the importance of this increase. So much so that the increasing pressure in crypto regulatory studies globally is a period in which illegal uses are heavily addressed.
In this regard, Chainalysis, who previously argued that illegal crypto money transfers accounted for a very small portion compared to the volume of crypto money transactions, continued this stance in its latest report.
Chainalysis stated that this increase in mixer use was triggered by users who want to escape the pressure of prohibitive countries and protect their financial privacy, but the increasing illegal activities cannot be ignored.
According to Chainalysis, the anonymity and ease of transaction of crypto mixers attracts illegal actors. However, crypto mixers should not be evaluated on the basis of a single part.
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