Re: Why criminals prefer cash (Fiat) on top of crypto?

Quote from: Abiky on September 24, 2020, 07:21:27 PM

If by any means criminals start adopting crypto in mass (especially privacy coins), we could expect a full government crackdown on the entire industry. Which is why I think it's best for criminals to continue using Fiat for the sake of the crypto/Blockchain industry's growth worldwide. But we'll never know what will happen in the future. Thoughts? Huh

This is also a major weakness that makes it difficult for Crypto to be widely accepted. Because no one can regulate Bitcoin right now, it's all anonymized transaction and this will make it even easier for criminals to launder money. In addition, accepting crypto payments in the country will help criminals lessen the money laundering phase

There are many hidden corners as Bitcoin is accepted worldwide. Hopefully this anonymity will not affect the crypto market as much in the future.