The issue of money laundering and funding illegal activities with crypto currency is a fake accusation. Long before bitcoin was lunched, money laundering and funding activities were done via fiat money
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Christine Lagarde, President of the European Union's Central Bank, said that Bitcoin has become increasingly uneasy, because it is used for money laundering. She suggests enforcing strict regulations on a global scale. Regarding crimes using Bitcoin, previously, German authorities have “burned” black market sites and arrested the perpetrators. What do you think about this news? Do you agree that the Bitcoin regulations are more strict?
All payment processors can be used for laudering money however when crypto wallet asks for KYC it can track activities and then limit the laudering of money.
If all crypto wallet have known customers so it is possible to track their user activities like the case of coinbase or coinpayments or spectrocoin.It's always very difficult to track cryptocurrency transactions and it's one of the biggest reasons why those who are into illegal dealings make use of cryptocurrency.