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by Rantenki 1326 days ago
I forget the actual source of this quote that I am about to mangle, but:

    Bitcoin/Blockchain was designed specifically to circumvent the legal frameworks used
    to regulate financial transactions. It follows then that any non-fraudulent use of
    these technologies is the exception, not the norm.
Blockchain currencies are designed to avoid being regulated. I am not saying that all of the current regulations are _good_, but irreversible "anonymous" transactions are always going to be attractive to fraudsters.