Concerning the last post, i was just being cautious cause the scams on Telegram with Bitcoin is getting too much out of hand, but I've now learnt that Bitcoin doesn't choose who uses it or what they use it for. Well I'm not going deep into it yet but I'll take it more seriously now I'm convinced that it's a very good alternative to fiat. Although there are questions on volatility I'll ask later.
I was reading a report on the other forum that, the fact cryptocurrency is used for money laundering is true, but the fact that the most cases reported of them in crypto so far on the interent might be true but why is that's because of the transparency I would answer. The fact that the most of the recoveries of such cases happened in the crypto, why? because of transparency.
So brother, crypto might be used for ML, I am saying crypto that includes everything, but BTC is not even used for ML as ETH is used, you must read what hackers are preferring in the last 6 months hacks, they always converted the stablecoins and other coins into ETH and used some mixers to do their obfuscation but still gets caught.
The transparerncy has made it possible, even after using the mixer the transaction stays onchain, but cash is not on chain and no one can trace it unless they are given some resources from the inside of the system. Most of the ML cases are kept secret and only made public when they think now it won't cause any harm to the leaders or the person with power.