Arguments against blockchain

Scalability The redundancy of blockchains makes them hard to scale . Every device in your network must have a copy of every transaction made. That means hundreds of copies of the same data! It requires massive storage, and the bigger the blockchain, the more power the nodes need to process everything.

Sales regulation The sale of cryptocurrency is generally only regulated if the sale (i) constitutes the sale of a security under state or Federal law, or (ii) is considered money transmission under state law or conduct otherwise making the person a money services business (“MSB”) under Federal law.

Blockchain technologies can improve private regulatory compliance, but the Blockchain can also help regulators. This is possible because Blockchain lends itself to the improvement of compliance processes, as it can be used to help compliance officers keep track of the steps required by complex regulations .