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In COVID times governments noticed that freezing bank accounts was an option. Having systems that cannot be subjected to that is wise; even if it involves high costs.
Crypto at least completely solves the issue that you simply loose control over your own money.
It's possible to have set up a second password with a trusted third party, but then you have to trust that entity the same way you trust the bank - not just against them stealing your money, but against other parties hacking their systems and recovering your keys.
Various other approaches exist, too.
And expecting people to come up with their own solutions for problems that banks struggle to solve, is going to be a recipe for disaster for 99.99% of the people.
Where nobody ever loses access to their assets in perpetuity.
just because something is not perfect adding something obviously worse won't force the previous thing to be perfect. regulation will tho, but you cryptocoins liberals won't hear about it
It very well could, why not? All kinds of unsavoury groups do policing around the world. Often wearing a government badge. Some people think that is acceptable, to keep murderers and looters off the street, while some people think that racism is so unacceptable that murder and looting is preferable.
If only the perfect regulation-writers and interpreters existed.