Bitcoin was created to stand as a decentralized medium of making transactions from one person to another without the involvement of a third party or the government which is a good initiative towards privacy and maintaining anonymity while performing transactions but i have also thought of it in the other way round, don't we think that politicians who loot government funds can use bitcoins to hide huge amount of money such that when the EFFCEFCC want to probe them for mismanagement of funds it will be difficult to recover looted funds since they might not be able to trace it due to the fact that they have converted the money to bitcoins. Can decentralization really help us at this time when there are so many cases of financial crimes in the society?

Bitcoin was created to stand as a decentralized medium of making transactions from one person to another without the involvement of a third party or the government which is a good initiative towards privacy and maintaining anonymity while performing transactions but i have also thought of it in the other way round, don't we think that politicians who loot government funds can use bitcoins to hide huge amount of money such that when the EFFC want to probe them for mismanagement of funds it will be difficult to recover looted funds since they might not be able to trace it due to the fact that they have converted the money to bitcoins. Can decentralization really help us at this time when there are so many cases of financial crimes in the society?

Bitcoin was created to stand as a decentralized medium of making transactions from one person to another without the involvement of a third party or the government which is a good initiative towards privacy and maintaining anonymity while performing transactions but i have also thought of it in the other way round, don't we think that politicians who loot government funds can use bitcoins to hide huge amount of money such that when the EFFC want to probe them for mismanagement of funds it will be difficult to recover looted funds since they might not be able to trace it due to the fact that they have converted the money to bitcoins. Can decentralization really help us at this time when there are so many financial crimes in the society?