Earlier quoted context omitted.
If you believe banning cryptocurrencies will suddenly stop ransomware, then I have a bridge to sell you.
In the theoretical universe where banning crypto is possible, yes it would stop almost all ransomware of the scale we see reported in news today. There's just no other form of payment which would work for them. You can't easily go "can I have $50k worth of giftcards" and on the receiving side you can't easily validate or sell millions of them without tanking the value. Any kind of wire transfer would expose the sourc…
Money grows on trees, there, too.
I'll bet you dollars to donuts that if you made crypto illegal, there's still a whole lot of countries that won't give a shit and the problem will only get worse.
All these situations are nebulous and complicated, something as simple as legally banning crypto is not going to solve the problems.