Now "cryptocurrency" that is a whole different divisional currency.
Suppose you had say a large amount of contraband such as cocaine and were having problems selling it.
Well if you chose a virtually worthless currency and insisted your clients paid you in that coin.
Now you would be in a position to launder your ill-gotten gains before anyone had actually paid you.
Because you know what currency would all of a sudden become popular.
kind of retrospective money laundering.
Suppose you had say a large amount of contraband such as cocaine and were having problems selling it.
Well if you chose a virtually worthless currency and insisted your clients paid you in that coin.
Now you would be in a position to launder your ill-gotten gains before anyone had actually paid you.
Because you know what currency would all of a sudden become popular.
kind of retrospective money laundering.