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24h Vol
7054
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82593
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Cryptopolitan
2020-01-13 04:00:21

Bitcoin and crypto preferred for illegal activities over fiat, what’s the truth?

Bitcoin and crypto are often considered to be tools used by criminals for illegal activities; however, is that really true? Bitcoin and crypto encourage illegal activities, a fact? Bitcoin and other digital assets are often stated to be linked with illegal activities due to the censorship-free environment they provide. Coupled with the high privacy these assets allow their holders to wield, the network is bound to raise suspecting eyes. However, if observed thoroughly, it can be verified whether the assumption that ‘Bitcoin promotes crime’ is true. The major crimes related to virtual assets are money laundering, terror finance, and purchase