How Cryptocurrency Can Be Misused for Black Money Transfers: Risks and Implications Introduction Cryptocurrency has transformed the financial landscape with borderless, fast, and decentralized transactions. While it is efficient and offers privacy, it also offers scope for misuse in illegal activities. The digital assets’ anonymity makes it easier to transfer black money across borders, evade taxes, and clean dirty money. Understanding how cryptocurrency misuse takes place in black money transfer unveils the seamy side of these digital assets. This article describes why and how black money transactions are misusing the usage of cryptocurrency and how this affects the global financial…
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