Did you know:
Money laundering costs the global economy between $800 billion and $2 trillion annually, according to the United Nations.
Only 1.1% of total cryptocurrency volume is considered illicit.
In 2023, the Bitcoin blockchain had an annual transaction volume of approximately $16 billion.
This means that out of the $800 billion to $2 trillion in laundered funds, at most $200 million may have passed through the Bitcoin blockchain, assuming no other cryptocurrencies were used (though they were).
Therefore, between $799.8 billion and $2 trillion of "dirty money" was laundered through traditional banks.
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