It's always the same old story: banks will try to blame bitcoin (and cryptocurrencies in general) for anything because of course they see them as a threat. I find very funny reading these stuff because they want to give you the impression that before the invention of cryptocurrencies there was no tax evasion, no money laundering, no criminal activities, nothing, it was a perfect world when in reality we all know that banks always helped criminals laundering money because they would get a piece of the cake.

Institutions don't like alternatives for their people. Especially the ones that are not under their own control.
Typical for them, but still - we do understand and see how things are for real by ourselves.

These bigger entities are sloppy and slow in their decisions. But when they make up their mind - they are like a truck. And I do hope that this truck is going to be beneficial to the crypto space in general, because as time goes on, more and more people start realizing what it could potentially bring to them and their countries.

even before the digital financial system was around, kidnapping, banditry and theft had always been in existence and the root cause is nothing associate to the loopholes in the financial system but more about the fact that the people that carries out this act with still device a way of doing this even if crypto ceases to exist and we go back to the traditional financial system.

for kidnapping, it is true that a lot of them now make use of crypto to accept their payment and the reason for such is because of how difficult it is to trace them but we are still sure that if crypto ceases to exist, they will still kidnap and use other conventional means to carry it out. a thief is a thief and one that is dubious will always be dubious and that is the reason why we have we we have that is currently going wrong in our todays society. 

Because people are always skeptical on what things they didn't know. They just believe on those negative things they hear online, but they didn't even bother to do some research about how useful Bitcoin if they adopt it also its real use case. Those situation they list and other negative things linked on Bitcoin is just a pure craziness since even in their own currency those incident still happening.

But let them think about that since if Bitcoin will achieve a lot more and other countries will adapt it first before them provably that they regret their past decision not to adapt Bitcoin.

Maybe for now better not to entertain any negative thoughts came from those who doesn't understand Bitcoin so well.

That’s definitely a challenge for them. Crypto can only be used for money laundering if they fail to regulate it effectively.

Leading countries have already shown the way: they enforce strict KYC processes to verify users and ban platforms they can’t regulate. There’s already a blueprint in place, so it shouldn’t be a big problem as long as they follow what the major countries are doing to combat money laundering.

It’s just a matter of proper implementation and consistency to ensure the system works.

Cryptocurrency is the least means money is laundered honestly, money is laundered in many ways and the most painful part of it is that it's legalized by same government and removed from public knowledge.

Many ambassadorial deals sealed with top performing companies are just money being laundered in this format:
Mr. A helps Mr. B who is the owner of a big company complete a dirty job, Mr. B cannot pay him nor his company directly because the figure would raise concerns, now Mr. B gives Mr. A an ambassadorial deal and pays him the royalty in huge bits which is stated in the ambassadorial deal. That way it's legalized(meanwhile he's just paying him royalty for the illegal job completed). Also some football transfers are just business deals between the two club owners being sealed and has little to do with the player in question.

There are so many ways money is laundered legally while the government collect their share in form of taxes. So we can see that money laundering is everywhere and I feel particularly bad when they pose cryptocurrency as the apex medium of money laundering simply because they exert little control over it.

Policies aren’t really designed to eliminate problems entirely, that’s impossible. They’re more of a deterrent (agree with you), which is why rules and standards are always in place. For example, if the US has the best methods to combat money laundering, others will just follow that system. Over time, if improvements are needed, they can implement changes.

It’s always better when action is prioritized over talk. Finding effective ways to address the problem and acting on them shows real capability in handling these kinds of issues, instead of just talking about the problem so much.

Kidnappers do collect ransom in crypto but it's not common. Here are some instances:

• Cryptocurrency ransom demanded for wife of Norwegian tycoon.
• South Africa kidnappers demand ransom in bitcoin to free teenager.
• Kidnappers free Abuja victim after $15,000 ransom in bitcoin.

Fiat remains the go-to money laundry method for criminals and organizations. There are many reports on the Internet to back this up but sadly they government is just looking to make crypto the 'fall guy' for every evil ever committed. And this is because they cannot censor it, so they tag it with all kinds of negativity such as money laundry and the likes.