[pjc50]

> some of the stringent per-transaction KYC/AML reporting requirements in traditional financial systems are often incompatible with today’s mechanisms of distributed ledgers

Yes - which makes the ledgers illegal.

[mattdesl]

Laws change as society and technology progresses. At one point it was illegal to drive a motor vehicle faster than 4mph.

[ben_w]

The early speed limits were changed when people no longer worried about cars spooking horses.

You'd have to come up with a convincing reason why KYC/AML reporting requirements are bad to change those financial laws.