> Cryptocurrencies already facilitate many different kinds of harm. Pariah states, including Iran and North Korea, use cryptocurrencies, and the anonymity that

> Cryptocurrencies already facilitate many different kinds of harm. Pariah states, including Iran and North Korea, use cryptocurrencies, and the anonymity that they grant, to evade sanctions and launder money. Oh no a large government cant push other peoples money around boo hoo >Cryptocurrencies, particularly Bitcoin, have become the most common form of payment for the ransomware attacks increasingly targeting businesses and public services because it allows the nefarious actors behind these attacks to receive large amounts of money quickly and anonymously. Yes, and theres still orders of magnitude more crime occurring with cash >Blockchain-based finance is complex, automated, and highly interconnected, and it offers vast opportunities for creating leverage, because there is a virtually unlimited supply of assets to borrow against. These are the kind of fragilities that led to the last financial crisis, in 2008. Surely this outs the author as pro crypto, the 2008 crisis lead to the development of crypto. >Despite the industry’s claims, most of those who invested in cryptocurrency have lost money. Those already disillusioned with traditional finance are likely to become even more cynical after their cryptocurrency losses, and this cynicism may have further consequences. Everyone already hates it, so no need for a ban then