Cryptocurrency-Enabled Shadow Economies: On-Chain Analytics for Illicit Flow Detection

Key Points

• This research focuses on developing methods to detect illicit financial flows facilitated by cryptocurrencies and their impact on shadow economies.
• Utilized on-chain analytics to track cryptocurrency transactions
• Analyzed patterns indicative of illicit activities
• Examined the relationship between cryptocurrency use and shadow economies
• Identified distinct patterns in transaction behavior associated with illicit flows.
• Demonstrated the effectiveness of on-chain analytics in revealing hidden financial transactions.