Talking at EthCC Paris, former Elliptic cryptocurrency guide Tara Annison mentioned the varied methods digital property can facilitate crime or be used for cash laundering.
In line with Annison, Bitcoin is now not the cryptocurrency of selection for criminality or cash laundering.
Because the cryptocurrency trade matures, the event of DeFi protocols, hashing companies, and stablecoins present criminals with new avenues to discover.
Criminals have turned to dollar-denominated property reminiscent of USDC because of the ease of entry and skill to launder cash via DEX.
Highlighting a possible silver lining from a legislation enforcement perspective, Annison famous that centralized issuers like Circle might freeze particular USDC tokens earlier than criminals launch property into fiat through a DEX or centralized alternate.
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