Even today, cryptocurrencies are still associated with illegal activities. This argument is often used by bankers, politicians or economists who still do not trust cryptocurrencies. According to Chainalysis, however, these arguments are based on exaggeration and aim at defaming cryptocurrencies.

The latest survey conducted by the company on March 5 clearly shows that only 1.1% of the total number of cryptocurrency transactions is illegal. These were statistics for 2019 when the total volume of cryptocurrency transactions exceeded $ 1 trillion. There is no doubt that this is a positive report for several reasons. As Chainalysis has pointed out, the adoption of these digital assets is also growing due to the growing popularity of cryptocurrencies. As a result, the volume of illegal activities using cryptocurrencies is decreasing, which undoubtedly improves the image of the cryptocurrency world as such. In the past, a large part of the volume of cryptocurrency transactions took place, for example, on the darknet, but the trend is gradually disappearing. A drop in successful hacks is also great news, which again reduces the number of illegal activities through cryptocurrencies. Especially the exchanges, which are not only constantly trying to improve their security features, but also cooperate in the case of hacks, should get credit for this as they prevent hackers from selling stolen coins and tokens.