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Cryptocurrency networks display a lack of regulation that has been criticized as enabling criminals who seek to evade taxes and launder money. Money laundering issues are also present in regular bank transfers, however with bank-to-bank wire transfers for instance, the account holder must at least provide a proven https://allcoinss.com identity. Concerns abound that altcoins may become tools for anonymous web criminals. Various government agencies, departments, and courts have classified bitcoin differently.
