Your earlier comment said there are dirty wallets. How does someone get dirty cash in to that dirty wallet?
For example, which bank allows deposit of dirty cash so the bank account holder can then wire the funds to an exchange?
You can have a dirty wallet from crypto that you've gotten illegally. If you are a merchant on a darknet market your wallet is dirty. If you wrote malware and got someone to pay you a ransom you have a dirty wallet. There are basically an infinite number of ways to have a crypto address with significant holdings that the government has "frozen" so that it can't be converted to fiat. Of course there are other strategies for laundering crypto, this one has the added benefit of actually making money instead of losing it.
Oh, so you didn't mean it is great for laundering dirty cash. Maybe cash crimes stopped when NFTs arrived. This is good news for law enforcement because of the public ledger showing all transactions forever.
