Imagine money that's only online, like secret codes! That's cryptocurrency, and it's been making headlines. Last year, a lot of money moved around using cryptocurrency, some of it in ways that weren't allowed.
Some people used a tool called Tornado Cash to hide where their money came from. Even though the government tried to stop it, people still used it. Also, many people in Iran used cryptocurrency because their regular money wasn't very reliable.
This is all very complex, but it shows how cryptocurrency is both useful and can be used for things that are not allowed.
- People used crypto to hide money from governments.
- Lots of people in Iran used crypto because of problems with their regular money.
- Governments are trying to control how crypto is used.
| Fact | Number |
|---|---|
| Total crypto activity in 2024 (related to sanctions) | $16 billion |
| Monthly use of Tornado Cash | ~$100 million |
| Crypto outflow from Iran in 2024 | $4.18 billion |
| Global crypto transaction volume in 2024 | Over $10.6 trillion |
