kaal:claim:2992962-012

Regulating blockchain through the non anonymous application of the technology creates large inefficiencies that will be bypassed by the more efficient anonymous applications, and it is for those more advanced applications that a system of distributed jurisdiction will be needed.

Source quote, verbatim

However, that application of the technology creates large inefficiencies that will be bypassed by the more efficient applications of the technology in an anonymous setting. It is for this more advanced application of blockchain technology that a system of distributed jurisdiction will be needed.

From

Wulf A. Kaal, Craig Calcaterra, Crypto Transaction Dispute Resolution (2017), b) Uniform Law Commission Regulating Digital Currency Businesses, p. 34
https://ssrn.com/abstract=2992962 · source PDF

Cite as

Wulf A. Kaal, Craig Calcaterra, Crypto Transaction Dispute Resolution (2017). SSRN: https://ssrn.com/abstract=2992962

Holds when

uniform application of Bank Secrecy Act and anti money laundering compliance to virtual currency businesses

Classification

mechanismsupport: arguedlaw-and-legal-systemsregulatory-failureeconomics

Related claims

supported_by kaal:claim:3117224-022 The FCA has acknowledged that distributed ledger technology has unique aspects capable of working around curre...

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