Theoretically, if Bitcoin was used, it could have been more transparent if they were required to report all the addresses and amounts used, but it would come with a risk of hacking or false hacking.
People say that if bitcoin has been used it would have been more transparent, how?
You would just see thousands tx going from one address to thousands other, how would that help?
The fraud was no because of the way money was sent, the fraud was committed with false beneficiaries, bitcoin or cash or bank transfers the sums would have been still been paid and the same would have happened.
But be clear that, such a mistake can't happen with bitcoin because everyone of these farmers will have a unique wallet address which shows digital currency supremacy over the fiats.
People have also a unique identification number and unique bank accounts, that didn't help at all.
You will achieve full control over it only if all the wallets and all the people are connected in a database that tracks all addresses used by a wallet, do you really want that?
As long as any official is allowed to create thousand of fake identities in one system he can do the same in another
We know that cryptocurrency transactions are fully transparent .
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No, they are not!