People might have been doing that in the early years but one thing I can say that with the government regulations especially with the KYC being implemented by most of the exchanges it would be extremely difficult for people to launder money and evade taxes with cryptocurrencies anymore
Correct. The very reason why exchanges these days are implementing KYC on their users, I've seen some exchange who doesn't have KYC but is now announcing that they'll have as soon as possible. Fraud and money laundering have been a problem since then, Criminals are taking advantage of the use of cryptocurrency as it hides their identity making it easier to transact globally. Another trigger why did the government tell exchanges to have KYC is because of tax evasion from the businesses owners, instead of fiat they are using crypto to avoid paying taxes which the government didn't like. Now the money laundering has been addressed, what the exchange should be doing now is to improve their system to avoid hacking occurrences.