The article assumes that local laws and regulations will be bypassed. I don't see that happening because of things like laws against tax evasion and the necessity to maintain public titles. So, I don't see the speculation developing as a result of the privatization of ledgers.

Still, there is room for tokens to simplify and publicize now opaque processes and reduce transaction costs. In fact, publicity will reduce money laundering and capital flight. Dictators and their cronies won't be able to purchase foreign properties unnoticed.

One problem I haven't seen addressed is liens like mortgages and legal penalties.

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