🚨 Europol warns of high criminal activity in DeFi! 🚨 The EU law enforcement agency praised blockchain's security but criticized decentralized finance (DeFi) in its first European Financial and Economic Crime Threat Assessment. 📄
🔍 Key points:
- Europol sees lack of crypto regulation as an opening for economic crime
- Illicit use of crypto still represents <1% of overall transaction volume
- Non-fungible tokens (NFTs) pose significant money laundering risk
DeFi's total value locked (TVL) is declining, now at $37.3 billion, near levels last seen in Feb 2021. 📉
🤔 What do you think about Europol's stance on DeFi? Share your thoughts below! 👇