Whether or not you agree with financial regulation, I think we can all agree that criminals providing black-market financial services to otherwise lawful citize

Whether or not you agree with financial regulation, I think we can all agree that criminals providing black-market financial services to otherwise lawful citizens, is a terrible outcome for everybody. In Bitcoin it’s especially terrible because it mixes ordinary unwitting citizens in with some objectively nasty people that they wouldn’t otherwise want a financial relationship with, whereas otherwise the criminal utxos would be isolated into increasingly narrow silos with every transaction. So the natural order of things is anti-crime, if regulation keeps up with demand. Regulators should be flexible enough to keep criminals out of business by legitimate substitution, and just strong enough so that law enforcement is the unquestionable hero of physical safety and the golden rule.