---
title: "Are cryptocurrencies used for illegal purposes?"  
description: "Are cryptocurrencies used for illegal purposes?"  
author: "Sandra Emily"  
published: 2022-05-18  
canonical: https://answers.mindstick.com/qa/97455/are-cryptocurrencies-used-for-illegal-purposes  
category: "troubleshooting"  
tags: ["troubleshooting", "cryptocurrency"]  
reading_time: 1 minute  

---

# Are cryptocurrencies used for illegal purposes?

Are cryptocurrencies used for illegal purposes?

## Answers

### Answer by Hitesh Vohra

- **Cryptocurrencies** are used to fund a variety of unlawful and unethical activities, including:
- Laundering of fund
- Fraud
- Trafficking in narcotics
- Human smuggling
- Exploitation of children
- Trading in the shadows
- Cybercrime
- Terrorist financing
- As a result, government security agencies are focusing their resources on crypto criminal investigations in order to follow down illegal transactions and identify the persons involved. However, this is a laborious and complicated task, which is why criminals and terrorists prefer to use cryptocurrency.

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**Read More: [How safe is cryptocurrency?](https://answers.mindstick.com/qa/97451/how-safe-is-cryptocurrency)**


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