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Tang compared holding cryptocurrencies to holding cash, saying they’re both stored without the involvement and knowledge of anyone else—including the government. But, unlike cash, cryptocurrencies are extremely mobile and operate in a borderless world, which increases the likelihood they’ll end up “in the wrong place,” he explained.
Have they also ever thought that cash can also be used for small-scale illegal transactions in a smaller scope? Maybe they also have to live in a country with a high crime rate, where minors can also own weapons without a license, drug trafficking by gangsters school-age children using cash. There is no transaction information, everything escapes government monitoring.
That is, if traditional financial methods are not sufficient solutions to combat crime, how can they advocate that way?