#Cryptocurrencies Rarely Used to Launder Money, Fiat Preferred

Visit - https://t.me/binancefuturesignal For more latest news update on Cryptocurrency, Free Binance future, BitMEX, ByBit Bittrex signals visit above given Telegram channel Traditional channels continue to dominate the estimated $2 trillion global money laundering racket instead of cryptocurrencies, a report says. In brief Money laundering via cryptocurrencies is not a preferred tool for criminals, a report said. Traditional methods like mules, cash businesses, and drug trade remain at the forefront. However, private cryptocurrencies and online marketplaces are an upcoming threat. According to a report by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the role of cryptocurrencies in money laundering is overstated and unfounded, with fiat money still the most used method for such illicit purposes. Money laundering remains a grave concern globally. Rese...