Regulation is local, which means regtech cannot be seamlessly global as public blockchains can be. Radically different beasts.
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Does that mean locally specific blockchains? Or a whole lot of regulatory failure in the future?
Regulations that try to localize blockchains will indeed quite probably be spectacular failures, as will tech based on such ideas.
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Yeah, it's pretty hard to put "seamlessly global" back in the box.
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To scale within today's framework we need to think a little differently. Each use case has nuances. Regs change slowly in most countries
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