Re: Regulatory Considerations running an ILP node (Re: [Ledger] Bootstrapping Interledger) from Ken Griffith on 2016-11-10 (public-interledger@w3.org from November 2016)

From: Ken Griffith <kengriffith@gmail.com>
Date: Thu, 10 Nov 2016 18:08:37 -0500
To: public-interledger@w3.org
Message-ID: <dd4cf020-e545-0be3-7718-861a5e7c5482@gmail.com>

 > The value being traded exists somewhere at all times and its location
 > and owner must be known at every step in the transaction.

That is the fundamental weakness of an open system like Interledger. 
The regulators will never allow a regulated node to connect to the 
unregulated nodes.  Maybe in 50 years this will be possible.  But the 
world we live in today is bogged down with AML rules.

Received on Thursday, 10 November 2016 23:09:13 UTC