Where cash is stigmatized? I haven't seen such a place except PRC.

Most people want government to be able to seize assets of baddies. It is possible with cash, it is possible with banks, hardly possible with crypto.

The technology to scam people at scale with untraceable emoney is not everybody's cup of tea.

Speaking from a country that invaded its neighbor, for our government (as well as north korea) it is lovely to have a way around sanctions. Libertarian crypto bros of the west are a godsend.

They are also a godsend to current American president which loves a nice side of washed crypto along with all the other theft.

It is absolutely possible to like cash and dislike crypto

>Most people want government to be able to seize assets of baddies.

I dont, not while they get to decide who the baddies are.

there is high consensus on that, but not high enough to enshrine it into the constitution. in countries with strong rule of law, the courts have continued to uphold this whenever the state gets bold enough to move on a previously tolerated "baddie"

capital, as an aggregate expression of people's desires, moves like water. if will flow through any small opening

capital controls will flow through any weak link, whether that's a Shanghai free trade zone, a freeport at the airport in JFK or Zurich, physical cash, illiquid assets traded through a trust, or natively in crypto, or crypto wrapped within the same aforementioned structures, no matter what the prevailing or commoner's view is everywhere else in the region

even countries that can change on the whims of an all powerful head of state, they don't really mess with the capital because it drives everyone else away and reduces the head of state's own liquidity and economic driver.