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 Bitcoin is no longer the dominant cryptocurrency for black market activity. 
Significant shifts are underway in the ecosystem of illicit actors using cryptocurrency. According to a 2023 report by TRM Labs, Bitcoin is no longer the asset of choice for criminals. Policy makers need to adapt to this new reality.
Breaking: Hong Kong Will Launch Its Spot Bitcoin ETF Post Spring Festival

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 According to recent research and sources, Bitcoin is no longer the dominant cryptocurrency for black market activity. While Bitcoin was previously associated with a significant portion of illegal transactions, the landscape has shifted in recent years. Other cryptocurrencies, such as stablecoins, have gained prominence in illicit activities, including darknet market sales and ransomware extortion . Stablecoins now account for the majority of all illicit transaction volume, while Bitcoin's share