# kaal:claim:2992962-012

**Claim.** 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.

**Type.** mechanism  **Support.** argued

**Holds when.**

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

**Source quote.**

> 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, page 34

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

**Verify.** sha256 of source PDF `80b92e67594394e38af41b769327936833de8e25d6cf3def966a6ba13bc83d17` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Calcaterra%20-%202017%20-%20Crypto%20Transaction%20Dispute%20Resolution.pdf

**Topics.** law-and-legal-systems, regulatory-failure, economics

**Keywords.** distributed-jurisdiction, anonymity, regulatory-arbitrage, transaction-costs

**Related claims.**

- supported_by: https://wulfkaal.github.io/claims/3117224-022

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.