English
Arabic
Chinese (Simplified)
Indonesian
Russian
Talking at EthCC in Paris, former Elliptic crypto advisor Tara Annison mentioned the varied methods digital belongings can facilitate crime or be used to launder cash.
In line with Annison, Bitcoin is not the cryptocurrency of selection for unlawful actions or cash laundering.
Because the cryptocurrency trade matures, the institution of DeFi protocols, mixing companies, and stablecoins presents criminals new avenues to discover.
Criminals have turned to dollar-denominated belongings like USDC for his or her ease of entry and skill to launder cash by way of DEXs.
Highlighting a possible silver lining from a legislation enforcement perspective, Annison famous that centralized issuers like Circle may freeze particular USDC tokens earlier than criminals exit belongings into fiat through a DEX or centralized alternate.
DISCLAIMER: The knowledge offered by WebsCrypto doesn’t signify any funding suggestion. The articles printed on this web site solely signify private opinions and don’t have anything to do with the official place of WebsCrypto.