Comment Text:
I think it should depend on the circumstances circumstances. Block trading in theory is good but how regulated is the process itself? Does it go through the same channels as as other transfers do to prevent money laundering, or does it depend on the companies that are moving the data itself, I fear it may become a transport vessel for companies to set up infrastructure to be able to avoid regulations, and actually encourage nore criminal behaviour, but on. A much larger scale, giving oportunities to clean large amounts of money laundered cash. The security systems protecting the data would it be adequate enough to prevent alteration of the data and who can alter the data, if it is the companies itself, even banks then it is still a lot more open to manipulation of the source of funds inviting criminal behaviour of a much larger scale, i guess investigation could be a little deeper, because it seems a bit crazy giving a free entry card for the gateway to move large sums of money fast, and I know in transit the security protecting the data would be very difficult to crack, but even criminals would find that an advantage as it would protect their funds in transit from other smarter criminals but it is who controls the end point that is where the danger lies. Large movement of data and funds from country to country need to be controlled by some kind of customs like austrack or Homeland security, otherwise it would encourage bigger criminal behaviour because even banks or reputable companies can be infiltrated or bought by undesirable entities who would thrive their business to have an entry way for large amounts of data that leek area to cash or digital currencies. Maybe a pilot study should be done on the target industry which has already been scarred by a wave of recent criminal behaviour that would have been much easier to conceal using the block trade environment, I think more focus should be done on the institutions authorised to use the facilities and see if consumer rights are protected properly and at the end the consumers rights are not compromised that the rights of the consumer especially in a complexed environment have not been deceptively worn away because the complexed financial system in which transparency laws may have protected him, but the moment it hits an u regulated transport system is not open to be stolen by the criminals whom it was trying to protect, by virtue of the complexity of the instruments itself. I think consumer rights security and integrity is the biggest issue here because at the end of the day that is why our systems slowed down became harder and longer to use was agencies in place to monitor and to protect illegal activities from affecting the citizens but I see this block chain to date being another backside to putting anti money laundering systems back to the beginning with an open line of moving vast sums of cash. More deeper studies should be done on the security and the ability to protect consumers
