what I mean by fight is, instead of blaming crypto currency as the reason behind the increase on some illegal activities and exploits they should focus on facing those who are the brainboss behind those activities.


This is only applicable when one is making use of custodial system, if not their is no how that an addres will be attached with identity verification, like you have said it's not easy, because scammers are also getting wiser day after they and they have their ways of avoiding those centralized system in other not to get caught, and even though they make use of centralized system those information which they use to open up those customer accounts are others information which was gotten from dark web and those who have the information might not even have anything to do with the scam.

There are plenty of existing regulations, and I don't think we need more of those. I believe that a more reasonable, balanced approach should be put in place. Namely, I find it absurd to demand mandatory KYC from everyone on a crypto exchange, regardless of whether their account has dozens, hundreds, or hundreds of thousands of dollars worth of money. It is important to fight big crime, the sort of activities that result in millions or more of laundered money. These activities should be the primary target, and those moving huge amounts of money should be required to provide a lot of documentation. As for regular users, I think the privacy concerns outweigh the risk of illegal financial activities here. Also, I think the regulations should not focus merely on crypto users and platforms, but should also deal with a big issue of banks laundering billions of dollars. I mean, such cases as Danske Bank are crazy, and all efforts should focus on preventing them.

As far as Bitcoin and other Cryptocurrencies are currencies, nobody can do any to stop that. Whatever happens to the Fiat can also happen to any Cryptocurrency. If a country can not stop money laundering, nobody can stop criminals from using Cryptocurrencies. Who is using Cryptocurrencies for criminal activities is unknown so how do you stop it. Cryptocurrency us not use by few members in a family or compound but the whole world so it will be very difficult to identify those criminals.

If care is not taken, the crime rate in Cryptocurrency will be higher than the Fiat Currency because everyone now is going to the internet and criminals are more in the internet. They use the internet as cover up or umbrella body for criminal activities.

we encourage criminals to use crypto and see for themselves if they can't really be traced. in the past, there are already coins being frozen in the exchanges, and criminals are traced and subpoenaed because they were caught. these are kinds of proof that crypto can help lessen financial crimes instead than make worse. 

its banks who are afraid of crypto because if they use crypto, they will be traced because they are the ones who normally launder money.

We need to take preventative measures against unlawful activity and financial crime involving cryptocurrency because we recognize that this is an undesirable and possibly inevitable byproduct of any new technology.

Transparency in financial dealings is one option that could work. Cryptocurrencies' pseudonymous nature is both a major selling point and a potential security risk. It may be easier to trace illegal activities if they are recorded in an open-source, public ledger of transactions (a more transparent blockchain, so to speak) in which names are kept anonymous but transaction trails are visible.

In addition, it may be essential to implement regulations for bitcoin exchanges. Verifying user identities and reporting questionable transactions should be mandatory on these sites. Possible important function for regulatory technology (RegTech).

However, it is important to remember that, just like with any other currency or technology, criminality will certainly survive in some form despite these efforts. The trick is to limit the damage as much as possible while also making cryptocurrency use as secure and regulated as possible.

The blockchain is meant to be traced, it's more of a database of information for the money sent and receive, I'm sure the government can use that information if they see a crime is evident. We are in the digital age already, there is no room for mistakes if the regulation is serious about fighting financial crimes.

When they caught Ross of Silkroad, they also traced a lot of users thru the transactions on the blockchain. But there are more crimes using fiat money than crypto though.

If the problem is only in crypto, let them come and solve it. But even before crypto, there were reports of money laundering. The problem has never been in crypto.

They usually get mandatory KYC verification from users. Other than that, I don't think there is a way to completely avoid these crypto-related situations. It is also wrong for states to make these regulations against people and exchanges that are only interested in crypto. Some officials think that the money laundering business was born with crypto. This shows that they are not really sincere in their struggle with this situation.

As I said, we are in the age of technology and there is nothing that cannot be followed. There are many precautions they can take if they really don't want such bad things to happen.

Just as with anything that has a good side, there is also the bad side. We know that bitcoin is being used to do a lot of good and we cannot deny that some where on the dark web someone is try to buy drugs, pay for weapons, or other illicit purposes using bitcoins. I think that there is a role that individual like you and me can play in preventing this by reporting to the authorities whenever we notice that such thing is happening there is also the role that corporate organizations that deal with bitcoin can handle this. For example some mixers are used for this purpose. People who are in charge of mixers can have a strong policy against this and report suspicious activity to the authorities and not let them find out themselves because that is when the authorities get the right to label bitcoin bad instead of the act and the people.

The fact of the matter is that Bitcoin and crypto is not protecting of these criminals and their activities, With enough effort and research some crime investigators who worked closely against finding culprits across the internet were able to track some of these criminals who committed crimes in or outside the crypto space, and used the industry under the impression that it would help them keep the police at bay, only to then be caught because the moment that your information is revealed publicly, along with your address, no amount of mixing will steer the authority away from you.

I would argue that it's even harder to commit financial crimes in the crypto space, cause every transaction is recorded, with fiat you could literally go off the grid if you so desire.

Were there not money laundering and financial crimes when cryptocurrencies were not in our lives? Of course there was and the crimes committed in crypto may not be half the crimes committed in the classical order. The biggest feature of Bitcoin different from fiat or traditional money is that it is decentralized. The currency in question is not under the management of any institution or company. This gives users freedom when using Bitcoin. The monetary movements that governments can't track must have bothered them because instead of focusing on the technology and future of cryptocurrencies, they focus on financial crimes. Bitcoin and cryptocurrencies continue on their way stronger than ever in this frustrating process.