Bitcoin (and most other crypto) unintentionally strikes an interesting balance here. Through the ability to trace blockchain transactions and impose KYC laws on exchanges you can in principle figure out who most money belongs to. That puts you in a position where if A wants to send B money you can't prevent that, but you can go after either A or B. That gives you freedom of payment, but after the fact you can still go after people laundering money or financing terrorism
Both require repealing AML/CFT laws. But maybe that's the way and we should focus on the underlying crime instead..
Bitcoin (and most other crypto) unintentionally strikes an interesting balance here. Through the ability to trace blockchain transactions and impose KYC laws on exchanges you can in principle figure out who most money belongs to. That puts you in a position where if A wants to send B money you can't prevent that, but you can go after either A or B. That gives you freedom of payment, but after the fact you can still go after people laundering money or financing terrorism
Until the bank closes your account because it's deemed "high risk" and they're absolutely allowed to do that without explanations.
I'm feeling a little maximalist about this: How about both?
The digital euro will be released in the coming years. It allows for digital offline transfers.