In the crypto world, money laundering can get even more complex and sophisticated with techniques like:

- Smurfing: Breaking down large sums into smaller amounts and conducting multiple transactions to avoid detection.
- Mixing: Using mixing services to scramble transaction histories, making it difficult for anyone to trace the money’s origins.
- Anonymous cryptocurrencies: Certain cryptocurrencies like Monero offer high anonymity, making them attractive to those wanting to hide transaction origins.
- Through OTC, like taking a shortcut: using brokers for direct trades without going through public exchanges, so no one really knows who you are. Then, breaking the money down, moving it through multiple wallets to avoid detection. Finally, converting it to cash or assets to legitimize it.

While KYC and AML regulations are becoming increasingly strict on public exchanges, OTC creates a less regulated gap.#BTC #GateioInto11 #ETH #ContentStar #HotTopicDiscussion