Talking at EthCC in Paris, former Elliptic Crypto Advisor Tara Anison mentioned the other ways digital property can be utilized to facilitate crime or launder cash.

In accordance with Anison, bitcoin is now not the cryptocurrency of selection for unlawful actions and cash laundering.

Because the cryptocurrency trade matures, the institution of DeFi protocols, blended companies and stablecoins will give criminals new avenues of exploration.

Criminals are turning to dollar-denominated property like USDC for his or her ease of entry and talent to launder cash via DEXs.

Anison highlighted a possible silver lining from a regulation enforcement perspective, noting that centralized issuers like Circle may freeze sure USDC tokens earlier than criminals exfiltrate property into fiat by way of DEXs and centralized exchanges.