Oh, I agree that these measures are futile, counterproductive and won’t stop organized crime. That being said, you seem to underestimate the global reach and compliance of banking regulation. Check out FATCAs travel rule.
Also, the difference with a truck and a UTXO/address is that the latter can be reliably and deterministically tracked. Assign identifiers once and bob’s your uncle, if you want to surveil economic activity.
> Also, the difference with a truck and a UTXO/address is that the latter can be reliably and deterministically tracked. Assign identifiers once and bob’s your uncle, if you want to surveil economic activity.
That seems a lot more useful if people were using it like a bank account. Once you figure out that a given address belongs to Alice, if that address starts paying for hotels and cloud services, now you know what Alice is up to.
But anybody who would be interesting to surveil would know not to do that. So you get an address that keeps receiving transfers and then sending it to an unregulated foreign exchange because they're using the cryptocurrency to buy their local currency. From there the cryptocurrency goes into the hands of various uninteresting randos with no connection to the original party.
Also, the difference with a truck and a UTXO/address is that the latter can be reliably and deterministically tracked. Assign identifiers once and bob’s your uncle, if you want to surveil economic activity.