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According to Chainalysis's 2023 Geography of Cryptocurrency Report, the top 20 countries in terms of crypto adoption are India, Nigeria, Vietnam, United States, Ukraine, Philippines, Indonesia, and others. The report also highlights that the US is losing oversight on stablecoin activity as it shifts to non-US-licensed entities. Additionally, Chainalysis notes a sharp drop in crypto activity following the closure of Silicon Valley Bank, Signature, and Silvergate. The FBI has also charged an organization of six people for operating an illegal money transmitting business using cryptocurrencies.
US losing grip on stablecoin oversight as activity shifts to non-US-licensed entities, Chainalysis reports. https://t.co/CFHki0RbsN
Chainalysis provides a nuanced overview of North America's cryptocurrency landscape, highlighting its global supremacy, institutional influence, and shifting trends in stablecoin and defi https://t.co/l3FEDHElB4
📣 Latest News: Stablecoin market escaping US regulatory oversight: Chainalysis #news #cryptonews #crypto #stablecoins #regulations
US Wants To Officially Treat Crypto Anonymity Services As Suspected Money Launderers https://t.co/bkCqKbl3nl
ICYMI: North America leads world in crypto usage, Chainalysis says https://t.co/U7iSGoiByj
Here are some takeaways from Chainalysis's recently published 2023 Geography of Cryptocurrency Report. The top 20 countries in terms of crypto adoption are: 1.) India 🇮🇳 2.) Nigeria 🇳🇬 3.) Vietnam 🇻🇳 4.) United States 🇺🇸 5.) Ukraine 🇺🇦 6.) Phillippines 🇵🇠7.) Indonesia 🇮🇩 8.)… https://t.co/OpYo9QnY21 https://t.co/5mpghxiXGu
NEWS: North America, specifically US, remains crypto’s strongest participant https://t.co/SNeZPkERW5
North America leads world in crypto usage, Chainalysis says https://t.co/4jSkJ57Yzh
Without clear rules of the road, regulated U.S. companies are losing market share in USD stablecoins. There is a clear need for greater regulatory action, says @jasonsomensatto @chainalysis. Opinion. https://t.co/qzxYAzyEUS
From July 2022 to June 2023, the US led the world with $1T+ in "value received on chain", but most stablecoin inflows to top services went via non-US exchanges (Chainalysis) https://t.co/3w4pgs5HTY 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/ydCcdGQEDP
Crypto activity saw a sharp drop following Silicon Valley Bank and crypto-friendly banks Signature and Silvergate shutting down, Chainalysis said in a new report. https://t.co/c9bUKAjHLA
Between July 2021 and September 2023, six people conducted an illegal business by using the darknet to convert $BTC or other cryptocurrencies into cash without the appropriate money transmitting license in New York, according to the @FBI. https://t.co/Ts5ytsmPxW https://t.co/9Du332rOcd
Institutional Crypto Trading Collapsed: Report https://t.co/WkKCR8VrZY
US Banking Crisis Destroyed Institutional Crypto Trading: Chainalysis â–º https://t.co/HhwVPTMHud https://t.co/HhwVPTMHud
NEW: 🇺🇸 FBI has charged an organization of six people with operating an illegal money transmitting business using cryptocurrencies 👀 https://t.co/peOs7wQ2XR