And Deutsch Bank laundered hundreds of billions of euros for drug lords. What system is flawed again?

Is there a mechanism in place to stop people from laundering money with ethereum? This is a serious question, I’m a total noob when it comes to crypto.

You can’t stop crime, otherwise murder wouldn’t happen. If you give people a modicum of freedom then some amount of them will act with criminal intent.

Arguably the blockchain makes detecting and prosecuting money laundering easier than our opaque legacy financial system.

Right, in the same way that in the hypothetical Blockchain utopia anyone seeing you eat at a coffeeshop can also see what porn sites you visit, how often you shop at the dispensary, and which escorts you prefer to visit.

I can think both are bad.