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They have already began preventing tax evasion using know your customer regulations & blockchain analysis, but this is not possible with protocols which obfusca

• gruez 6y ago
  >but this is not possible with protocols which obfuscate wallet addresses, their contents & transactions with cool cryptographic tricks like https://en.wikipedia.org/wiki/Ring_signature https://en.wikipedia.org/wiki/Ring_signature Fancy cryptographic techniques won't do much good here. You can already do much of the same thing with cash, which is also untraceable. What the government ended up doing is essentially saying that any cash transaction over a certain amount is considered suspect until proven otherwise. For instance, a bank isn't going to allow you to deposit $50k in hundred dollar bills.