Turning crypto to cash --- Tracing the money is an important element of investigations. While transferring crypto from an account to an account can be somewhat hidden, exchanging crypto for fiat/cash is getting harder and harder for criminals - as Vladimir notes, states are imposing strict regulations on the public online exchanges (which now demand password copies and IDs, doing checks, etc).

Yet, this all stays when we think about rather small amounts of (illegal) money. Large sums, however, are laundered in a different, and rather conventional way (casinos, weapons and drugs or what not). Again, crypto is only an addition to cybercrime (and crime in general), but many elements are conducted in a conventional way.

Source author: Vladimir Radunovic vladar@diplomacy.edu