It makes institutional theft easier. Which is anti-ethical and has profound cinsequenses for degradation of values and culture in society.
It also made raising capital easier.
That's why fiat currency had a head start at first. While now in its final, fractionally reserved and devalued state it is a huge burden on society.
Cryptocurrency in its original form without third parties brings back sound money qualities, while raising capital is even easier than with crippled KYC/AML fiat.