Is Cryptocurrency Money Laundering a Real Threat?
Is Cryptocurrency Money Laundering a Real Threat? Cryptocurrencies have been idealized as the currency that will replace all other payment instruments, payment platforms, and paper money. Further, cryptocurrencies have been seen as an investment opportunity where large profits may magically be made (A Short History Of Bitcoin And Crypto Currency Everyone Should Read by Bernard Marr; 12 Russians Charged: Major Highlights of the Indictment and Rod Rosenstein’s Statement by The New York Times; Mueller indictment details Russian spy’s preference for Bitcoin by Alex Lielacher; Here's What Deputy Attorney General Rod Rosenstein Said About Indicting Russian Intelligence Officers for Election Hacking by Alejandro de la Garza; Cryptocurrency Played Key Role in 2016 Election Interference by Russia: Prosecutors by Valentina Pasquali). However, when a new platform allowing fund transfers enters the marketplace, criminals assess the utility of that instrument for money laundering and terrorist financing.
