And the likes of HSBC launder money with impunity. (BUT BUT KYC/AML!)
But hey, let's continue trusting self interested people who don't care about you to "do the right thing" and protect your funds.
And the hard forks did happen. And they definitely undermined the whole model of what the coins actually should do.
The positive point, though, is that with crypto, the self-hosted side and the managed side can work together seamlessly, so everyone can choose their approach.
Do you even know that FATF is the main organization that goes around imposing KYC/AML?
And they are a non-governmental body, no oversight - don't answer to anybody.
They are literally Luca Brasi and you don't even know who the Don Corleones behind the curtain are.