Answer: No jurisdictive boundary. When you transfer to a bank account, it cannot move out of the country's jurisdiction without triggering multiple regulatory

Answer: No jurisdictive boundary. When you transfer to a bank account, it cannot move out of the country's jurisdiction without triggering multiple regulatory touchpoints. It's not easy to cash the money out overseas. But when you transfer bitcoin, it's done once to a virtual ID. The person receiving doesn't need any online account. You can't trace anything here. It's just "sending from wallet id X to wallet id Y". wallet id Y is just a cryptographic key known to the sender and receiver. Yeah so this "virtual ID" is replicated across the network, but who cares. It doesn't point to anyone yet. After this single step, there is no jurisdiction. The hacker can travel and cash it anywhere in the world outside jurisdiction of the host country's law enforcement.