Even crypto needs to be converted to fiat at some point to actually spend it, either directly so you can move it to a bank account or turn it into cash, or indi

Even crypto needs to be converted to fiat at some point to actually spend it, either directly so you can move it to a bank account or turn it into cash, or indirectly by using a crypto-backed credit cards and if that money isn’t legit, you still have to launder it if you can’t prove to your tax authorities where it came from.