> If you choose to ignore blockchain, don’t be surprised when it becomes a very crucial technology. It is upending centuries of financial customs, rules, laws, and institutions.

I think you are forgetting to talk about the other part of the glass where there is a ton of illegal money flowing in the financial system by people with enough power and/or financial complexity and current rules apply mainly to average Joe, and terrorists. Don't forget that the compliance system changed dramatically since 9/11 and not in the last centuries.