Crypto is about finance: trading, speculation, banking the unbanked ... Technology is an enabler that allows "regulatory arbitrage" beyond that it does not mat

Crypto is about finance: trading, speculation, banking the unbanked ... Technology is an enabler that allows "regulatory arbitrage" beyond that it does not matter at all. If I want to create a bank; hook into my national central bank, join the swift network, buy and sell securities for my clients. Is that a technical problem? Sure it is hard and silly from a tech side but that is all just a question of hiring some specialists. The real problem is that I would be under tight regulation, right down to the central bank deciding on who I hire as CEO. With crypto, I can just hook myself in. That is the difference.