Criminals Still Find It Easier to Hide in Fiat Than Crypto

Posted on by American Coins & Gold

Criminals Still Find It Easier to Hide in Fiat Than Crypto
Contrary to popular lore, cryptocurrencies are not a haven for anonymous criminals.In fact, because of smart blockchain analytics, it’s easier to follow money trails on blockchains than it is on legacy payment networks, however a circuitous route they may take.What’s still hard to figure out – at least for the time being – is the identity of the criminals using various blockchain addresses to move stolen funds. This is especially true if they use self-hosted wallets.Avivah Litan is a Distinguished VP Analyst at Gartner Research. This article is part of CoinDesk’s Privacy Week series.Blockchains are more transparent than fiat payment…