William Panzera was sentenced to 12 years for using Bitcoin to purchase fentanyl and other drugs from China to the US. While criminals are increasingly using privacy coins like Monero or stablecoins such as USDT on Tron for faster and more private transactions, Panzera relied on Bitcoin mainly due to the timing of his criminal activities. Regulatory crackdowns and liquidity issues limit the practicality of alternative cryptocurrencies, while stablecoins remain subject to freezing by issuers cooperating with law enforcement.
