Real estate is designed for people to live in. Money laundering through real estate is ancillary -- a bug -- and attempts are made to stop it. Regularly. Up to and including Vancouver instituting a 15% tax on foreign buyers and New Zealand banning non-residents from buying real estate.
Cryptocurrency is designed specifically, by virtue of its decentralized and trustless nature, to facilitate money laundering. It was a design goal. This is what it's for. That and of course, collecting the proceeds of ransomware. Another way of describing 'money laundering' is transferring value, without the permission of a centralized government authority, with the intent to conceal the source of funds (hey it's your money right?).
That it has yet to achieve the same scale is not relevant.
All sorts of illegal activities aren't done at scale, that doesn't mean they shouldn't be policed. Otherwise you'll be pointing to the small scale right up until the moment it's not small anymore, and then it's too late.
Cryptocurrency is designed specifically, by virtue of its decentralized and trustless nature, to facilitate money laundering. It was a design goal. This is what it's for. That and of course, collecting the proceeds of ransomware. Another way of describing 'money laundering' is transferring value, without the permission of a centralized government authority, with the intent to conceal the source of funds (hey it's your money right?).
That it has yet to achieve the same scale is not relevant.
All sorts of illegal activities aren't done at scale, that doesn't mean they shouldn't be policed. Otherwise you'll be pointing to the small scale right up until the moment it's not small anymore, and then it's too late.