Even now that the Bitcoin bubble has long since popped, increasingly desperate cryptocurrency (crypto) fans are still exhorting the virtues of the technology’s supposedly rosy future. However, our #1 crypto transaction type, speculation, is far from being the only reason to conduct transactions with crypto. “97% of criminal Bitcoin directly received by [crypto] exchanges flowed into those Located in countries with weak AML laws,” writes CipherTrace Cryptocurrency Intelligence in its report Cryptocurrency Anti-Money Laundering Report 2018 Q3. Conclusion: What Happened to Crypto Transaction Type #8? Let us not forget the eighth type of crypto transaction: legal transactions that exchange crypto for goods and services – you know, like real money.

Source: Forbes January 19, 2019 18:22 UTC