While there are many potential benefits to cryptocurrency, one has to acknowledge this new form of money has gotten a bad reputation as well. There are many reasons as to why criminals are drawn to Bitcoin and other similar currencies. Even so, it remains to be seen how long this situation will remain in place. In the eye of the general public, there is only one purpose to cryptocurrency: facilitating criminal activity. It is certainly true Bitcoin, Monero, and a few other currencies have attracted a lot of attention from cybercriminals over the past few years. That situation will not necessarily change in the near future, even though it seems the legitimate use cases of Bitcoin and altcoins may begin taking center stage sooner rather than later.
Infographic via: NullTX