And yet the vast majority of money laundering still happens through traditional banking channels. If crypto was such a panacea for laundering all the traffic would have switched over by now.
a) At some point you have to re-enter the traditional banking system. People after all want to do things with their laundered money like buy yachts, cars, companies, football teams etc. And so if you are sophisticated at money laundering then crypto is largely unnecessary.
b) Traditional financial system is 1000s of times bigger than crypto so of course you will see proportionally more money laundering happening there.
threeseed|4 years ago
b) Traditional financial system is 1000s of times bigger than crypto so of course you will see proportionally more money laundering happening there.