Consensus 2025
27:16:06:46
Borderless

Mapping Crypto-Related Crime With Chainalysis

In this episode, Anna Baydakova and Danny Nelson speak with Kim Grauer, head of research at Chainalysis, about the blockchain analytics firm’s 2021 “Crypto Crime Report,” how to locate where scammers send their money, and the state of crypto regulation and adoption.

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ABOUT

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In this episode, Anna Baydakova and Danny Nelson speak with Kim Grauer, head of research at Chainalysis, about the blockchain analytics firm’s 2021 “Crypto Crime Report,” how to locate where scammers send their money, and the state of crypto regulation and adoption.

The report, released in February, maps out major crime types associated with cryptocurrencies: crypto scams, ransomware attacks and money laundering, among others. Kim Grauer explains how Chainalysis comes to its conclusions about the geography of crypto transactions, what cyber crimes were on the rise in 2020 and why transaction-tracking software hates mixers.

Also, we discuss Sandali Handagama’s report about a startup that helps savings groups in Africa, and particularly in Nigeria, to invest in stablecoins and protect against inflation of their national currencies. In Africa, many people don’t have access to banking services, and instead, they do collective savings. Could crypto make this practice easier?

On the regulatory front: European crypto firm Bitcoin Suisse has failed in its bid to win a banking license. FINMA, the Swiss financial regulator, on Wednesday rejected Bitcoin Suisse’s charter application on grounds the company had weak anti-money laundering defenses. Bitcoin Suisse has been working with banks and regulators in Switzerland for years now, but looks like it’s not enough.

Stories mentioned in this episode:

  • Chainalysis: The Chainalysis 2021 Crypto Crime Report
  • CoinDesk: Nigerians Turn to Stablecoins for Protection Against Inflation
  • CoinDesk: Stellar Development Foundation Invests $750K in Nigeria Remittance Platform
  • CoinDesk: Swiss Crypto Firm Bitcoin Suisse Turned Down on Banking License
  • CoinDesk: EU Regulators Warn Again on Crypto Investment Risks

Did you enjoy the show? We would love to hear what you think. Leave us a review on Apple Podcasts or your preferred service and talk to us directly via email at borderless@coindesk.com.

HOSTS

Dan Ilett

Dan Ilett writes on tech, money and energy. He advises business on digital strategy and technology messaging for large deals. He is founder of Erbut - an advisory company - and Greenbang - a smart technology research company.

Dan Ilett
Anna Baydakova

Anna writes about blockchain projects and regulation with a special focus on Eastern Europe and Russia. She is especially excited about stories on privacy, cybercrime, sanctions policies and censorship resistance of decentralized technologies.
She graduated from the Saint Petersburg State University and the Higher School of Economics in Russia and got her Master's degree at Columbia Journalism School in New York City.
She joined CoinDesk after years of writing for various Russian media, including the leading political outlet Novaya Gazeta.
Anna owns BTC and an NFT of sentimental value.

Anna Baydakova
Danny Nelson

Danny is CoinDesk's managing editor for Data & Tokens. He formerly ran investigations for the Tufts Daily. At CoinDesk, his beats include (but are not limited to): federal policy, regulation, securities law, exchanges, the Solana ecosystem, smart money doing dumb things, dumb money doing smart things and tungsten cubes. He owns BTC, ETH and SOL tokens, as well as the LinksDAO NFT.

Danny Nelson
Danny Bradbury

Danny Bradbury has been a professional writer since 1989, and has worked freelance since 1994. He covers technology for publications such as the Guardian.

Danny Bradbury