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Why It’s so Difficult to Launder Money on the Blockchain

There is still a common misconception about cryptocurrencies amongst the public. They often regard it as a method for shady deals and illegitimate companies. This stems partially from the fact that one of the first real-world use cases of Bitcoin was its use for payments on the infamous dark web marketplace Silk Road, where anonymous users could buy almost any banned product, ranging from illegal drugs to weapons.