> The traditional financial system carries out trillions of transactions which are not money laundering, yet is required to jump through enormous amounts of red tape to prove its customers are not money launderers, and companies still get into trouble with regulators if they're not satisfied with their AML policies.

I'd agree the traditional system would probably have less money laundering. It also has less freedom, & could have significantly less innovation in the future.

> marketing Lack-of-AML-as-a-Service is sort of thing that gets regulators interested in shutting you down

I think they're run from South Africa, so I'm not sure if regulators could shut them down. Crypto is global & crypto is on the internet. Wherever cryptocurrencies go, human minds will follow. People will create them with their computers (mining) & transact with those who accept them.

Coming down hard on crypto assets could create a parallel economy. Untaxed & no regulation. Then what do regulators do? Nothing, because they just lost their jobs & any control over anything.