Study: 44% of bitcoin transactions are for illegal activities


The odds are about one in four that the crypto fanatic in your office is involved in illegal activities. After conducting a study of historical bitcoin transaction data an Australian research group concluded: We find approximately one-quarter of bitcoin users and one-half of bitcoin transactions are associated with illegal activity. Around $72 billion of illegal activity per year involves bitcoin, which is close to the scale of the US and European markets for illegal drugs. And that $72 billion? Here’s a bone for you conspiracy theory types: Business Insider reports Bitcoin has lost $72 billion in value since the beginning…

This story continues at The Next Web

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