Bookkeeping and accounting in all sense is confidential and is covered by all means of protection for data privacy. That's why ITs working in banking systems are more prone to suspicion of illegal works. That alone opposes the core value of a blockchain bearing crypto about transparency and trustless network. Have you ever noticed why is it so easy to trace an illegal transaction in a blockchain i.e buying drugs, financing terrorist? But not on a closely monitored banking institute falsely protected by anti-money laundering and so on? Not to mention government officials that can put lump sum of money using a dummy bank account breaching their so called know your customer thing.
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Solarwarrior has more of what I am thinking.