Blockchain Faces Legal Questions Before Widespread Use
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"Because it is decentralized, it facilitates illegal transactions. Money laundering and acquiring digital assets are hard, because in digital banking an individual has to go through a middleman and there are meetings, intimacy, or exchange between parties who know each other. Because blockchain exchange is conducted under pseudonyms, the parties do not know each other, but more importantly can claim that they do not. As most countries operate on a principle of Know Your Customer, in a financial system in which the customer is not validated or ratified, illegal activity becomes easier." Quote from Futurism:
https://futurism.com/blockchain-faces-legal-questions-widespread-use/
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