Not at all, cash is a terrible way of conducting illegal transactions, doubly so at scale. There's a reason the cartels used to use binders of gift cards - and now, well, Bitcoin.
It's practically impossible to get meaningful quantities of it without having a SAR or CTR filed against you. Denominations are small so having a large amount is visible, risky, bulky and inefficient. Not to mention hard to explain away. And it's practically impossible to deposit meaningful quantities of it without having a SAR or CTR filed. The whole modern financial system is designed to catch criminals using cash.
Cash does a good job of threading the needle, taking into consideration the need for individuals to have a peer-to-peer, anonymous, offline decentralized currency while also taking into consideration regulatory and compliance needs.
I've nothing against cash, it has it's place, and no need to put words in my mouth.
It's practically impossible to get meaningful quantities of it without having a SAR or CTR filed against you. Denominations are small so having a large amount is visible, risky, bulky and inefficient. Not to mention hard to explain away. And it's practically impossible to deposit meaningful quantities of it without having a SAR or CTR filed. The whole modern financial system is designed to catch criminals using cash.
Cash does a good job of threading the needle, taking into consideration the need for individuals to have a peer-to-peer, anonymous, offline decentralized currency while also taking into consideration regulatory and compliance needs.
I've nothing against cash, it has it's place, and no need to put words in my mouth.