>Potential users can trade tokens constantly and anonymously, without concern to capital controls or “know your client” rules that are key to broker-dealers. R

>Potential users can trade tokens constantly and anonymously, without concern to capital controls or “know your client” rules that are key to broker-dealers. Rather, without regulation foisted on them in order to act as deputies enforcing money-laundering laws and such. No wonder he's miffed. Unregulated derivatives have a clear competitive advantage.