USOCC allows banks to use stablecoins and public blockchains as settlement layer. Now DLT can directly compete with SWIFT, ACH and FedWire. https://www2.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-2.html
And to the infinite amount of it. (Derivatives including) More accepted it becomes, more controled it will be.
More country governments accepting cryptos. https://finance.yahoo.com/news/ukraine-government-picks-stellar-help-140028973.html
Bitcoin has been used by criminals to traffic drugs. Unless, you are stuck in a cave, you already know they arrested people and confiscated millions of dollars in Bitcoin. What are you going to do, when they come after you make you give up your Bitcoin and other crypto currencies? Remember, you also, owe capital gains taxes on whatever monies you earned from trading crypto currency. The IRS will probably, go after you for taxes owed, only you will be paying in US dollars.
Smalfil - "Bitcoin has been used by criminals to traffic drugs. Unless, you are stuck in a cave, you already know they arrested people and confiscated millions of dollars in Bitcoin. What are you going to do, when they come after you make you give up your Bitcoin and other crypto currencies? Remember, you also, owe capital gains taxes on whatever monies you earned from trading crypto currency. The IRS will probably, go after you for taxes owed, only you will be paying in US dollars." I'd be interested in seeing some prosecuted cases where "Bitcoin has been used by criminals to traffic drugs. Where do you get this info?
https://www.theblockcrypto.com/post...ain-below-1-of-the-total-amount-says-elliptic just FYI, kids. Compared to <1% of BTC volume between 2 and 5% of the USD volume is used for illicit transactions.