As crypto adoption intensifies, countries across the globe have to deepen their involvement in order to bridle or have a tight rein on financial irregularities. The crucial and harrowing problem lies in the lack of insights from leadership. All crypto enthusiasts are not defaulters or felons etc. The intimidating news from irresponsible media dismays or terrifies new tyros. Blockchain's inherent mainstay or linchpin is transparency and traceability. AML or illicit payments in traditional finance outnumber the percentage over that of DeFi. Governments across the globe just need to nudge their banks to implement infallible or failsafe regulatory systems to ease end users. Scamsters , fraudsters , ransomwares, cybercrime etc defrauding naive traders are few and far between . Governments can collaborate with Crypto exchange team to trail and curb illegitimate activities. Whip-smart cyber terrorists can contrive ,sidestep diagnostic processes or apprehension by crafting sophisticated cross-chain. No point to fight a futile battle. It's better to endorse or plug exchanges that incorporate copper-bottomed securities compliance inbred with traceable lineage catalogue.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.