One of the most evolving technologies, blockchain-backed cryptocurrencies, is anticipated to replace the traditional banking transferring system. However, Bitcoin (BTC) and crypto scams are no less a big threat.
- Elliptic’s new study unveils that Bitcoin and other crypto-assets are used in various crimes, including money laundering.
- Privacy wallets are being used to launder the funds using the crypto laundering process.
- Also, PayPal recently made a significant move regarding cryptocurrencies adoption after a long anti-crypto stance.