this post was submitted on 21 Mar 2024
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Privacy
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Honestly, it's nice to see that they included cash.
Good luck enforcing it, of course, but the traditional banking system is where the vast majority of all financial crimes occur. Which is partially what drives working class people toward alternative currencies. You want to clean up crypto? Clean up your own house first.
It's no different than in business. You have to earn buy-in from your stakeholders. Commoners fleeing to crypto is indicative that governments haven't earned that buy-in, and we all know why: People believe their governments serve the rich and powerful.
Meanwhile the rich will have minimal issue laundering their money regardless of which tech is used, they'll just experience different delays and transaction fees depending on the method.