German financial intelligence agency: The proportion of cryptocurrency in suspicious activities in Germany has reached a record high

ChainCatcher news, according to Bloomberg, the German Financial Intelligence Unit (FIU) stated in Cologne on Tuesday that the proportion of suspicious activity reports (SARs) related to digital assets reached a record high last year. Although the total number of suspicious activity reports has decreased following guidance to consistently submit relevant reports, notifications related to cryptocurrencies still increased by 8.2%, reaching 8,711.

The FIU's annual report shows that the majority of reports involved BTC, followed by ETH, XRP, USDT, and LTC. The agency noted that these tokens are often associated with transactions related to trading platforms, mixing services, or gambling.