RE:RE:Canada's Anti-Money Laundering and Anti-Terrorist Regime."Actually crypto is not good for illegal transactions, its literally the worst type of currency for illegal transactions because of the blockchain. How do you think they shut down the silk road or found out who was running it, investigators bought some btc and then spent it and figured out where it went. Even monero can now be tracked, there isn’t really a way to stay hidden for long as long as every transaction is decentralized on a ledger anyonecan have.
its purpose is not to facilitate illegal transactions but to facilitate any transaction so that no central authority can stop a transaction from happening. Look at Venezuela and Russia. Trading and the US can’t stop them.