Crypto-Related Anti-Money Laundering in Germany

Anti-money laundering reports involving cryptocurrencies rose by 8.2% in Germany last year, according to the annual report from the German Financial Intelligence Unit (FIU).The total figure marks a 23.6% increase since 2020, with Bitcoin predominating in the vast majority of last year’s reports, followed by Ethereum, XRP, Tether and Litecoin.The FIU interprets the growth in crypto-related AML reports as a sign that financial crime is adapting rapidly to new innovations, and that cryptocurrencies have become a key part of complex and international money laundering structures. Should Cryptocurrencis be put under central banks ?