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0 sats \ 4 replies \ @88b0c423eb 10h \ on: BIS: an empirical analysis of cross-border Bitcoin, Ether and stablecoin flows bitcoin
I don't see how those numbers can be real, how are they tracking that? Anyway btcmap.org gives a more interesting view imo, even though it's a different thing.
To calculate the geographic profile of crypto flows, the entity-to-entity data are complemented by the geographic distribution of app usage of the respective exchange or the web traffic of a crypto exchange’s website. For example, if 56% of usage of the app of a specific exchange originates from the US, 56% of all crypto in- and outflows to this exchange are allocated to the US. By aggregating over all crypto exchanges, bilateral cross-country data are obtained. ... Figure A.2 in the Annex provides graphical evidence to affirm the accuracy of the approximated flows. Clearly, the pseudo-anonymity of the ledgers implies that a comprehensive attribution of transactions to users is impossible, such that a mapping of flows to countries will always remain an approximation. Even so, our measure of cross-border flows is tightly linked to the number of crypto exchange users at the country-level
Page 6+. There is more text explaining this.
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Thanks for looking it up.
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I haven't had a great experience with btcmaps. More often than not the business stopped accepting, yet the page was not up to date.
I guess for tether it's easy to request the numbers with Paolo. But for BTC, much harder indeed. Maybe based on some heuristic using some big centralised services? Didn't check methodology.
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well that's the ugly and beauty of community based things, you can only have accurate info locally.
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