That's a good way of monetizing stolen credit card but it would be a very bad way to do money laundering, because crypto is effectively "cash" so it still isn't

That's a good way of monetizing stolen credit card but it would be a very bad way to do money laundering, because crypto is effectively "cash" so it still isn't clean. It doesn't have a good origin story. Basically for money laundering you want to have a good story for your money that you can get tax authorities and banks to believe. "I found some crypto" would only work at small scale, and crypto is considered "high risk" anyway so you'll get higher scrutiny. If I was in the business of laundering money and I wanted to do it via crypto, I think I would create an NFT instead then buy it from myself. Then I have funds I can transfer to cash, and I can claim I got them through my great artistic abilities.