Calling BS on this.
Crypto though its very nature (transparent) is a terrible solution to industrial scale money laundering.
Setting that aside, they'd struggle on the liquidity side alone (getting on/off).
Then due to all the news and Gov interest their funds would be frozen︀ on-chain (Stables) or via transfers (Fiat rails) etc.
Drug dealers, etc industrial scale criminals don't︁ want piles of cash, they want assets, crypto is not ideal for that either, because︂ you can't easily walk in and buy a tower block, or resort, or prime land︃ in or around Rome etc.
Small time pimps and shifters would use crypto because they︄ 'heard it was un-trackable' then end up getting indicted.
Crypto though its very nature (transparent) is a terrible solution to industrial scale money laundering.
Setting that aside, they'd struggle on the liquidity side alone (getting on/off).
Then due to all the news and Gov interest their funds would be frozen︀ on-chain (Stables) or via transfers (Fiat rails) etc.
Drug dealers, etc industrial scale criminals don't︁ want piles of cash, they want assets, crypto is not ideal for that either, because︂ you can't easily walk in and buy a tower block, or resort, or prime land︃ in or around Rome etc.
Small time pimps and shifters would use crypto because they︄ 'heard it was un-trackable' then end up getting indicted.