One of the most common criticisms of cryptocurrency is that it is the currency of criminals. Jamie Dimon, CEO of JPMorgan Chase, the biggest bank in the US, famously said “If you were in Venezuela or Ecuador or North Korea or a bunch of parts like that, or if you were a drug dealer, a murderer, stuff like that, you are better off doing it in bitcoin than US dollars,”

Treasury Secretary Janet Yellen, when referencing terrorist financing, stated “The technologies to accomplish this change over time and we need to make sure that our methods for dealing with these matters, with tech terrorist financing, change along with changing technology, cryptocurrencies are a particular concern.”

So, is there truth behind this? Are cryptocurrencies really the go to financial tools for criminals?

Without a doubt, there are examples of cryptocurrencies being used for nefarious purposes, such as payment for ransomware attacks, to launder dirty money, etc. This is unavoidable, as it is with any currency. I mean, criminal activity happened before crypto existed, and had no problem operating in national currencies such as the US Dollar.

Yes user are supposed to be given configuration option to operate on there own

My sat was stolen they are scammers but some people still believe

I lose my sat to this wallet thought they operate no more