The reason is simple because they can easily accumulate much bitcoin in which no body will know the worth, but if is in their local currency they may get cut by the government since the money will be saved in the Bank but for bitcoin you have not business with the bank

For money laundering, banks are always used to this day. the withdrawal of money into the crypto currency does not add to the laundering of legality. it is rather an unsafe method and an extra one. Crypto-currencies themselves need a kind of "laundering", in the sense that they need to be transformed into the usual financial instruments. The key element in the laundering, that is, the legalization of the proceeds from crime, are the banks - at all stages of laundering.

I think it's more related to other coins lacking adoption and liquidity. If you ask 100 people if they want to conduct business with you in Bitcoin, 99 will say yes. With Monero it will be closer to 10 or something.

That being said, maybe a lot of the illicit transactions are already being settled in privacy focused coins. We don't know because it's always Bitcoin that's being blamed and featured in articles. It's too much of an easy target.

I'm sure that eventually with more crypto adoption and less ignorance coins as Monero and Zcash will gain more ground. I'm perfectly fine with that since it will result in less negativity going towards Bitcoin.

Because the bitcoin ownership process does not require full personal data information, and everyone can have as many bitcoin addresses as possible. So they can be very free to do money laundering through bitcoin, and it will be difficult to know who the owner of the address is, although the transaction can be known but will not be known who the owner of the address bitcoin. For that reason, in the future, bitcoin can protect itself to avoid criminal acts committed by those who are not responsible, by better improving ownership process and security system and better transactions.

People use bitcoin for money laundering because bitcoin offers security that allows the perpetrators of these crimes to be untraceable. Transactions with bitcoin are very secure and the controls are on the bitcoin owner itself. This system is called decentralization. This system allows the owner of bitcoin as full control and holds a single control over their bitcoin. Other than, that bitcoins are equipped with anonymous facilities that allow bitcoin owners to make transactions not using their real identities. Another advantage of this anonymous facility is that our personal data can not be stolen and misused. This is what makes the perpetrators of crime difficult to track his actions because bitcoin offers transaction security.

The answer is pretty simple, because bitcoin anonymous, you don't need any id or any type of identification or personal information to get your hands on bitcoin, so it makes it easier for anyone trying to hide their tracks and escape from paying taxes to the government, or launder illegal money.

Corrupt people and criminal entities found a good hiding spot in bitcoin. They are abusing bitcoin's anonymity feature and uses it to mediate their unjust transactions without the fear of being tracked by authorities in the process. That's why they are making sure that bitcoin doesn't die, because if it does so dies, they would lose a valuable asset.

Because it is easy to hide all your wealth just by buying Bitcoin and other cryptocurrencies. Instead of buying property or any other type of assets, those wealthy individuals have the idea of purchasing Bitcoin because the government cannot trace their identity. Moreover, the other factor is, no tax will be imposed when they buy Bitcoin.

They use the characteristics of BLockchain as well as Bitcoin to do bad things. Because Bitcoin trading is anonymity, so many people use and transfer unright currencies into legitimate currencies.