Oh we have don't worry. The proportion of cash used for illicit activities is much much lower than the proportion of crypto used for illicit activities. Especially once you remove speculation volume (which cash doesn't have). Then there's the whole new kind of crime it created - ransomware.
Plenty of work was done to ensure tracability of cash. Take large amounts in or out of the country? Form. Withdraw or deposit large amounts? Form. Act suspicious? Form. Structuring? Prison.
You can't really compare a system designed to circumvent regulations regarding transactibility to a system designed to provide as much oversight as is practical. They're not even in the same ballpark.
Oh we have don't worry. The proportion of cash used for illicit activities is much much lower than the proportion of crypto used for illicit activities. Especially once you remove speculation volume (which cash doesn't have). Then there's the whole new kind of crime it created - ransomware.
Plenty of work was done to ensure tracability of cash. Take large amounts in or out of the country? Form. Withdraw or deposit large amounts? Form. Act suspicious? Form. Structuring? Prison.
You can't really compare a system designed to circumvent regulations regarding transactibility to a system designed to provide as much oversight as is practical. They're not even in the same ballpark.