Once again, cointelegraph prints news that’s so far from the truth it’s laughable. The non-profit Foundation for Defense of Democracies is about as biased an organization as it’s possible to make. Every report they write is directed at taking democracy and aiming it toward anarchy by fighting against the truth at all costs.
Elliptic is three former members of this forum that went on to form a “bitcoin police” agency that milks money out of ransomware victims. They are only about the cash. This is prominently placed around their website, “If you are interested in learning more about Elliptic’s products and services, please contact us.”
The US Government knows that statement isn’t true. They have taken down exchanges due to the huge volume of money laundering.
In the past it was used mainly for money laundering by drug peddlers ,i am not sure from where these statistics are taken about only one percent is used for money laundering, even i do think that the stats are flawed,there are many countries that have no regulations and anything can happen,it can be used to hide your assets and so on
.I am not sure about Elliptic you are talking about,what is their reference in terms of money laundering.