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 keeping with Annison, Bitcoin is not the cryptocurrency of alternative for unlawful actions or cash laundering.

Because the cryptocurrency business matures, the institution of DeFi protocols, mixing providers, and stablecoins present criminals with 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 via 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 fiat belongings via a centralized DEX or change.