how are cryptocurrencies used in money laundering 
the u s financial crimes enforcement network fincen noted in a june 2021 report that convertible virtual currencies cvcs or cryptocurrencies are a currency of choice in various online illicit activities cvcs can layer transactions and obfuscate the origin of money derived from criminal activity criminals use several money laundering techniques involving cryptocurrencies including mixers and tumblers that break the connection between an address or crypto wallet sending cryptocurrency and the address receiving it 8the bottom linemoney laundering disguises illegally obtained financial assets global governments and financial institutions have anti money laundering measures in place online activity and digital assets have added to money laundering transactions 