NEIGHBOURHOOD AND ENLARGEMENT - Cryptocurrencies and drugs: Analysis of cryptocurrency use on darknet markets in the EU and neighbouring countries

Cryptocurrencies are still trendy and a growing topic of interest. They also raise a lot of questions as to the opportunities and the risks that they represent for societies and markets. On that topic, the European Monitoring Centre for Drugs and Drug Addiction (EMCDDA) published an analysis of the use of cryptocurrencies on darknet markets

date: 15/05/2023

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Contact: Morgane BUTTIENS

The EMCDDA published last month an analysis of cryptocurrency use on darknet markets in the EU and neighbouring countries.

This paper was commissioned through the EU4MonitoringDrugs and IPA7 projects. This report uses data from Chainalysis to estimate the degree of activity in the darknet market ecosystem (from 1 June 2011 to 31 October 2021) and triangulate these activities collated to the countries of the European Union and its surrounding neighbours (54 countries in all; from 1 April 2019 to 1 June 2021).