Why should we ban encrypted digital currencies? Because they make money laundering too easy.

Encrypted digital currencies cannot be monitored by the state. If you have a good memory, you can even remember them in your mind without leaving any trace.

For example, if a corrupt official embezzles billions, what can be done? It's impossible to spend that much; where did you get so much money? Storing it in a bank only raises suspicions, buying gold? Ultimately, it still can't be spent, bringing it abroad to spend? Customs will tell you it's very illegal!

At this point, you can convert all your cash into Bitcoin, remember the wallet address and password in your mind, and smoothly migrate abroad.

Once you're overseas, you can convert Bitcoin back into cash.

So why do countries define cryptocurrencies as illegal? Because they make money laundering and asset transfer too easy! $SOL