PANews reported on June 15th that according to Decrypt, based on the annual report from the German Financial Intelligence Unit (FIU), anti-money laundering reports involving cryptocurrencies increased by 8.2% last year. The total number of crypto-related reports rose from 8,049 in 2023 to 8,711, accounting for 3.3% of all suspicious activity reports (SAR) submitted to the German Financial Intelligence Unit (FIU), reaching a historical high.
This total number marks a 23.6% increase since 2020, with Bitcoin dominating most reports last year, followed by ETH, XRP, Tether, and Litecoin. According to the financial intelligence unit, credit institutions and banks submitted over 6,000 crypto-related reports, which typically involve transactions between trading platforms, mixing services, and gambling websites.
