CHAIN Vs SERVICE LEVEL COMPLIANCE


CHAIN   Vs  SERVICE LEVEL COMPLIANCE

Regulators are becoming increasingly aware that regulating centralized exchanges, does not prevent individual users from passing value from tokens derived from an identified source to an anonymous source, a process that leaves regulators facing the futility of policing exits to anonymity and illicit transactions.

When considering the ineffectuality of regulators policing existing financial markets, it opens the mind to how they are confronted with an unwinnable challenge, if they rely on reporting by centralized services.

Today crypto is bad for the user, in that privacy is only possible for the few that understand the technical challenges, and is bad for the regulator as their budgets don't and won't cover the cost of policing countless points of centralized exchange.

The future belongs to cost efficient, (block)chain level compliance where regulators are certain of the integrity suspicious transactions without the risk of users exposing confidential data to unscrupulous inspection.