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That is indeed the right question to ask.

Maybe it's less about trust and more about permission. With token based securities I could trade with whomever I choose whenever I want.

Interesting to see how it turns out in the end.




What happens if a trade that is illegal under the law of the country of the seller/buyer/exchange? The courts would be completely powerless to undo the transaction. Again it seems to me the main and only attraction is evading regulation.




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