Definitely not. You can build a small network (eg. pegged sidechain) within different Swiss datacenters owned by different companies. It's not trivial, but at

Definitely not. You can build a small network (eg. pegged sidechain) within different Swiss datacenters owned by different companies. It's not trivial, but at least possible. Because if you are bank you cannot ignore the law because you want to use Ethereum mainnet.