Criminals don't have an opportunity to trade crypto with their fiat.
For what reason would they picked the crypto when they can take the cash without burning through their time.
They never do online exchanges they generally met someplace and exchange weapons and drugs.
You can not buy or exchange drugs, weapons, and illegal things online so they prefer money more than fiat.
There's another likelihood that these crooks don't know about bitcoin or blockchain innovation the less information on bitcoin constrains them to utilize fiat than some other crypto.
For what reason would they picked the crypto when they can take the cash without burning through their time.
They never do online exchanges they generally met someplace and exchange weapons and drugs.
You can not buy or exchange drugs, weapons, and illegal things online so they prefer money more than fiat.
There's another likelihood that these crooks don't know about bitcoin or blockchain innovation the less information on bitcoin constrains them to utilize fiat than some other crypto.
Exactly. There are many limitations when it comes to using crypto for illegal activities than it's the case with Fiat. You need to have some sort of technical knowledge to be able to use crypto properly. With Fiat, that's another story. You can use Fiat in an offline manner, and even pay for goods and services everywhere due to widespread merchant acceptance. Not only that, but Fiat is stable whereas crypto is not.
If someday criminals decide to use crypto, I think they'll resort to privacy coins like Monero and Zcash. After all, transactions are obfuscated from prying eyes (not like transparent cryptos where everything is visible on a public blockchain ledger (eg: Bitcoin, and Ethereum)). Crypto surveillance techniques are getting more sophisticated each day, so it'll be hard to preserve anonymity if you're not very knowledgeable about crypto/Blockchain tech. I'd prefer criminals to stay away from crypto as much as possible, so the industry would flourish without any obstacles (eg: government crackdowns) whatsoever. Just my opinion
