Re:Bitcoin Cash deals frozen as insider trading is probed
by proofofanalysis on Wednesday December 20, 2017 @03:15PM
(#15973358)
Gemini Trust Company, LLC is a New York trust company. Gemini is regulated by the New York State Department of Financial Services (“NYSDFS”).
Source: https://gemini24.zendesk.com/hc/en-us/articles/204734485-Is-...
That's what makes regulating bitcoin hard. It soon becomes a diplomatic problem.
And there's nothing that these agencies can do to stop the actual wallet-to-wallet transfer short of nuking all miners or knee-capping and getting your private key. So even if you were found guilty, you could conceivably flee the country along with a ton of currency.
Regulation is meaningless without the actual threat of enforcement. It means all exchanges can pick up and move to more friendly countries.