The weirdness around rump's "US Crypto Reserve" announcement

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4. Money laundering through cryptocurrencies

Money laundering using cryptocurrencies follows the general pattern of placement-layering-integration but with some specific features:

Cryptocurrencies are anonymous at their point of creation therefore the placement stage of the money laundering process is often absent.

It only takes a few seconds to create an account (“address”) and this is free of cost. It is only possible to use each account twice: to receive money and then transfer it elsewhere.

It is possible to create a large money laundering scheme with thousands of transfers at a low cost and to execute it using a computer script.

Due to rapid increases in exchange rates, with some cryptocurrencies showing 10,000% growth, it is very easy to justify unexpected wealth through cryptocurrencies ...

https://syntheticdrugs.unodc.org/syntheticdrugs/en/cybercrime/launderingproceeds/moneylaundering.html