Is Cryptocurrency A Safe Haven For Money Laundering?
Introduction
The rise in cryptocurrency adoption may largely be attributed to technological advancements in the domain of blockchain. Cryptocurrencies are nothing but a type of digital money based on blockchain technology. These are largely regarded as safe, autonomous and private forms of financial transactions with the record of the activities safeguarded by encryption.
That being said, cryptocurrency is not entirely secure as a means of digital money transfer. It may be susceptible to various criminal activities such as purchasing illegal merchandise, unauthorized firearms or drugs, tax evasion, money laundering, etc. Let’s take a
