It’s to get around the KYC (Know Your Client) requirements that many financial institutions and cryptocurrency exchanges have when creating a new account to curb money laundering. Obviously criminals using crypto for dark markets need a way to convert it back to cash without giving up their real identity.
It’s to get around the KYC (Know Your Client) requirements that many financial institutions and cryptocurrency exchanges have when creating a new account to curb money laundering. Obviously criminals using crypto for dark markets need a way to convert it back to cash without giving up their real identity.