Are cryptocurrencies a safe platform for money laundering?

Are cryptocurrencies truly a secure platform for money laundering? With their decentralized nature and anonymity features, some argue that they offer a prime opportunity for criminals to conduct illicit activities. However, others contend that the blockchain technology behind cryptocurrencies actually makes it easier to trace transactions and prevent money laundering. What are your thoughts on this matter? Is there a balance that can be struck between promoting the benefits of cryptocurrencies and ensuring they are not used for nefarious purposes?