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I don't know why this crypto adage is so commonly beat out. Have illegal funds deposited into wallet. Send wallet funds to a large crypto exchange that doesn't

by adra 3y ago

I don't know why this crypto adage is so commonly beat out. Have illegal funds deposited into wallet. Send wallet funds to a large crypto exchange that doesn't play ball with regulators commingled with a bunch of people's currency. Send currency to new personal wallet. Wash trade complete. You're now using crypto anonymously to perperuate crime. Where did I go wrong?

suoduandao3 3y ago
'Comingle'. The transaction chain is always visible even when the exchanges don't play ball with regulators. The chain records who recieved every subunit from the initial illegal funds, you'd be painting a target on your entire laundry infrastructure. A few project like Monero can do what you're describing but they're a minority.