The point is that cryptocurrencies are not secure nor dependable in the way that people actually need them to be, and they don’t solve any of the actual problems that people have with the banking and credit system.
Cryptocurrencies are secure and dependable in the way that I need them to be and they solve problems that I have with the banking and credit system.
I mean, really. The security of the banking/credit system is not even based on public/private key cryptography. There is no notion of a separate spend address vs a sending address. Anyone with access to your (usually open source or easily findable) information can make a transaction on your behalf. Identity theft is a massive problem which is enabled by the current state of the industry.
Of course cryptocurrencies do not have such regulations. the purpose of cryptocurrency is to facilitate exchange with untrusted parties.