The privacy nature of cryptocurrencies makes it difficult for mass adoption while combating financial crimes. Cryptomixers and privacy-focused cryptocurrencies are being used to anonymize transactions. However, these tools also make it easier for fraudsters to steal billions of dollars in an untraceable way. 🕵️‍♂️ This tarnishes the image of cryptocurrencies and slows down mass adoption. However, with developers and regulators collaborating and increasing certain controls, mass adoption of cryptocurrencies may be possible.