A recent report from Chainalysis, titled the “2024 State of Cryptocurrency Investigations Report,” highlights a significant increase in crypto-related crime across the Asia-Pacific (APAC) region.
The surge in illicit activities is compounded by a perceived shortage of legal resources and insufficient training for law enforcement agencies, hampering their ability to effectively combat and manage crypto-related threats.
According to Hayato Shigekawa, principal solutions architect at Chainalysis, there is growing recognition within the public sector of cryptocurrencies as a legitimate asset class with transformative potential in finance. However, alongside its mainstream adoption, cryptocurrencies have also become a conduit for various criminal activities beyond just those directly involving digital assets.
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