Regulation has a scope defined by governments. And when money can be moved easily outside any particular government, it becomes impossible to regulate. Just loo

Regulation has a scope defined by governments. And when money can be moved easily outside any particular government, it becomes impossible to regulate. Just look at how Walmart moved cash to offshores to loan to themselves so that they could then claim that their profits were losses to loan payments - avoiding taxation and any incentives/disincentives done by our tax system. So the "trade" of offshores providing "services" is routinely used to evade any regulations - the Walmart example is just an extreme example of how even cash transactions can become something "gamed" by trade and used to undermine the autonomy of a society.