Maybe because it is very complex to convert the money from crypto and it requires KYC where personal details are required before getting the money.
So they prefer the traditional thing and besides not all of them are capable of hijacking cryptocurrency.
It's obvious that it's easy for criminals to use the traditional which has easier transaction processes.
So they prefer the traditional thing and besides not all of them are capable of hijacking cryptocurrency.
It's obvious that it's easy for criminals to use the traditional which has easier transaction processes.
Yes. But what if I told you it's possible to get access to crypto without KYC? Criminals can simply use a peer-to-peer trading platform or a decentralized exchange to turn their cash into crypto for peace of mind. Of course, this requires some level of technical knowledge. But if criminals are willing to learn, I don't see why it won't happen anytime soon.
The main issue is not access, but rather price volatility and lack of merchant acceptance. Without a stable cryptocurrency price, I don't see crypto replacing cash (Fiat) anytime soon. It's this level of convenience which makes Fiat a true winner for illegal transactions. If crypto was stable and widely accepted by merchants and businesses alike, things would've been different. But that's not the case, so criminals using crypto on top of Fiat is only a dream. I'm fine with that as long as crypto's legitimate use cases are expanded. Once illegal activity is reduced to a minimum, crypto will flourish like never before. Just my thoughts
