To achieve his goal, Morell consulted many experts in financial services, payment systems, global intelligence, even former senior government officials. The Ex-CIA director himself used to believe Bitcoin and cryptocurrencies are a convenient way of sending money anonymously.
However, the research made him changed his mind. He was able to reach important conclusions: Bitcoin’s use as an illicit finance tool is “significantly overstated” which fiat currency is used for Illicit or Crime than cryptocurrency
I know very well that the fiat currency is the one that is being used mostly by those that are into scamming and all of that. Though I do know that there are some illicit activities where bitcoin is being used, but I have always believed that there isn’t many of them that are making use of cryptocurrency as a payment method, it’ has always been fiat that they prefer to be making use of.
So, the government or anyone trying to say that these currencies should be stopped for that same reason is a big lie. It’s just like the Nigeria central bank that banned bitcoin and claimed it’s because it is being used for illicit activities, they are just making up foolish lies, lots of their politicians have been laundering money from them and using fiat to do it and they never found out lol, that’s one of the worst central bank there is.