Xinbi Processes $17.9 Billion in Crypto Transactions Post-Telegram Ban
- TRM Labs reports that Xinbi processed a total of $17.9 billion in onchain volume.
- The figure includes gross volume, which encompasses internal transfers.
- TRM Labs clarified that the amount does not represent confirmed illicit proceeds.
This substantial transaction volume highlights the ongoing activity within the cryptocurrency space, particularly following regulatory changes such as the Telegram ban. The distinction made by TRM Labs regarding internal transfers emphasizes the complexity of tracking actual illicit activities in crypto transactions.
Overall, Xinbi’s processing of $17.9 billion underscores significant engagement in cryptocurrency despite regulatory challenges.(Source)
