I don't think it's as attractive as AUD or GBP.
I doubt anyone would notice those, especially now it's possible to clean them in a washing machine so they might just seem like plastic (dunno if they have identifiers in the notes though)...
I don't think bitcoin is great for laundering and illegal activities although in the UK and a lot of Europe, upu can trade up to €15000/£13000 without any need for kyc. And if you want to go higher you can just use a bank transfer because its unlikely you'll be asked for the source of funds.
Topic: Why criminals still use Bitcoin? - page 6. (Read 968 times)
The popularity of bitcoin is gaining first places not only among large companies and ordinary investors, Bitcoin also remains the most preferred coin among criminals.
Prosecutors Zia Farooqi and Jesse Brooks talk about it in their podcast
As it turns out, even though there are anonymous cryptocurrencies, criminals will still need to buy bitcoins to withdraw them into fiat money.
“You can buy a Tesla with Bitcoin. You can buy Subway with Bitcoin. You can’t buy them with those other coins that no one has heard of, and so as they still chain-hop to obfuscate, at the end of the day, they need to get this into fiat currency,” said Faruqui, adding that this is the “choke point where law enforcement will come in.”
And since all transactions are very easy to track, there are good opportunities for law enforcement to catch criminals with Chainalysis.
https://decrypt.co/45715/why-cybercriminals-terrorists-keep-using-bitcoin
Prosecutors Zia Farooqi and Jesse Brooks talk about it in their podcast
As it turns out, even though there are anonymous cryptocurrencies, criminals will still need to buy bitcoins to withdraw them into fiat money.
“You can buy a Tesla with Bitcoin. You can buy Subway with Bitcoin. You can’t buy them with those other coins that no one has heard of, and so as they still chain-hop to obfuscate, at the end of the day, they need to get this into fiat currency,” said Faruqui, adding that this is the “choke point where law enforcement will come in.”
And since all transactions are very easy to track, there are good opportunities for law enforcement to catch criminals with Chainalysis.
https://decrypt.co/45715/why-cybercriminals-terrorists-keep-using-bitcoin
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