Reasons Why The Crypto Dream Is Turning Into A Nightmare
Blockchain Tracing
People think that every criminal is using crypto to launder money. However, this is untrue and police forces are adapting to the new metaverse arena. They’re using blockchain tracing to identify illegal exchanges. This is turning many criminal organizations away from these currencies.
It seems that even drug cartels no longer trust the crypto dream. There have been some substantial busts over the past year as agencies shut them down. Ironically, one of the biggest stereotypes about cryptocurrencies will no longer be true. But it can’t shake off its shady image (via Grid).