It’s the natural result of the technology’s original goal to be “unstoppable” and beyond regulation or laws.
Makes it a perfect place to run investment frauds, scams, Ponzi schemes and other activities that would be illegal in the regular financial sector. Also attracts criminals, tax evaders and money launderers.
Meanwhile it’s slow and cumbersome enough that anyone not seriously motivated to operate beyond the reach of the law stick with existing systems for convenience.
Makes it a perfect place to run investment frauds, scams, Ponzi schemes and other activities that would be illegal in the regular financial sector. Also attracts criminals, tax evaders and money launderers.
Meanwhile it’s slow and cumbersome enough that anyone not seriously motivated to operate beyond the reach of the law stick with existing systems for convenience.