An overwhelming majority of 2018’s criminally-connected cryptocurrency was ultimately laundered on basic online exchange services. Blockchain researchers at Chainalysis have calculated that roughly 64 percent of last year’s dodgy cryptocurrency, which amounted to over $1 billion, was washed by simply depositing it onto digital asset exchanges and trading it. Money launderers used other peer-to-peer (p2p) exchange services to clean a further 12 percent of their illegal proceeds. This means over two-thirds of last year’s “illegal” cryptocurrency moved through online exchange desks at some point. “A majority of illicit funds actually flow through either exchanges, or peer-to-peer exchanges, with the rest flowing…

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