In a virtual era and in an era when everything is subject to the virtual world; Many found an opportunity for them to deal with these digital currencies as soon as they acquired a bank credit card in addition to a smartphone or computer, through which they directed orders to buy and sell any of those currencies for which Bitcoin is famous, and to a lesser extent each of "Ethereum" and "Ripple" and others without knowing who really they are and what is the kind of project or deal they are fulfilling?!!! 

In fact, electronic currency can be transferred without intermediaries and across international borders for the ease of sending it through a file via e-mail or any other electronic means of transportation. 

Bitcoin was invented in the early 2000s by Satoshi Nakamato, probably a pseudonym, as a mechanism for completing peer-to-peer transactions. It quickly attracted people who were passionate about mathematics and computers.

But, thanks to the inability to quickly track criminal dealings, it also attracted illegal arms dealers, drug traffickers, money launderers, kidnappers and extortionists.

We use these encrypted currencies, but we are unaware that some companies, not all of them, of course, mix dirty money generated by drug gangs, smuggling, weapons, crimes, gambling and other illegal affairs..., in the sense that currency trading has become a means for every corrupted person or criminal to launder money legally.. 

And for this, and according to the above, we find a group of countries, most of which the Arab and Islamic countries, that forbid trading in crypto currencies because it is a suspicious money, and its source may actually be a result of the most heinous crimes that cannot be imagined, in other words, it may be a dirty money. 

According to the la Tribune " There are roughly 8,000 cryptocurrencies, and therefore 8,000 ways to launder money or finance terrorism, critics of bitcoin and its variants will say. Large-scale money laundering and terrorist financing are still areas of risk. But it is better to prevent than to fight such a scourge, as long as we take the measure of the risk!

There is an opacity surrounding the digital transaction market. Digital currencies are not subject to the supervision of any regulatory body in the world, as in the official currencies monitored through the governments of countries and central banks, which makes digital currencies an easy way and tool for money laundering and illegal trade operations.

There is growing concern among international law enforcement agencies that cryptocurrencies are being used to launder money from proceeds of crime, and have stated that countries will be forced to register and supervise cryptocurrency-related businesses, such as exchanges and asset custodians, who will have to conduct detailed customer checks and report suspicious transactions.

Consistent with the Chainanalysis Institute: "Cryptocurrency is one of the most prominent means used by criminals to transfer money all over the world and camouflage suspect operations, but fortunately, it contains loopholes that help detect these crimes." 

At last but not least, We must be wary of dealing with these currencies in the same way that they are currently circulating, in the absence of the supervisory and regulatory bodies that should act as an umbrella for their activities. It is also possible for investors in these virtual currencies to fall into the nets of pirates or suffer huge losses. 

Thanks for taking time to read.