Nowadays, cryptocurrency is a buzzword in society. It’s mostly seen as a high-risk investment or associated with fast profit-making schemes. Despite this, its adoption has surged in recent years, and according to crypto.com, the number of cryptocurrency holders has now hit 580 million. Unfortunately, not all of them hold it for legitimate reasons. We are at a juncture where criminals have the knowledge, services, and tools to channel their illicit profits through cryptocurrencies.