For instance, crypto-assets are often used for illicit purposes. Across all cryptoassets tracked by Chainalysis, the total transactions amounted to USD 15.8 trillion in 2021. Transactions involving illicit addresses represented 0.15% of the total value, which amounted to USD 23.7 billion – see Chainalysis (2022), The 2022 Crypto Crime Report, February.
There is also significant work under way studying inflation and wage dynamics, as Governor Stephen Poloz spoke about last week in Montréal. A longer-term objective relates to incorporating the effects of uncertainty that households and businesses face in their own decision making. These efforts will help improve base-case projections. 4/6  BIS central bankers' speeches  We supplement these projections with model-based risk scenarios.