Interpol: Fiat Is Still The King Of The Criminal Market, Not Cryptocurrencies
Despite the boom in the cryptocurrency and digital payment systems sector, economic shoks, current interest rates and conflicts usually cause an increase in demand for fiat money.
Despite the fact that more and more people in the world are switching to non-cash payment systems, the global criminal world is still heavily dependent on fiat.
According to Interpol, although the rapid development of innovative technologies has made international crime syndicates more sophisticated, cash still holds the advantage.
The use of cryptocurrency in money laundering, according to Interpol Director Rob Wainwright, remains a serious threat to success of investigations and prosecution of crimes.
The Interpol strategic report provides an in-depth look at the role of money in the commercial activities of organized crime in relation to money laundering and suggests practical methods to address some of the problems.