When Big Wig Wall Street Investment Banker tries to get me to help foot the bill for his yacht fuel, he is compliant with US securities regulations and any offshore vehicles are based in tried and true jurisdictions, not countries like Armenia.
Also note that this guy is basically trying to create crypto-based bearer bonds. Do a search for "bearer bonds" and look into their history and current legal status.
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The text you quote says that things like this are how it is done today. That makes it not worse, "only" just as bad.
Not really.
When Big Wig Wall Street Investment Banker tries to get me to help foot the bill for his yacht fuel, he is compliant with US securities regulations and any offshore vehicles are based in tried and true jurisdictions, not countries like Armenia.
Also note that this guy is basically trying to create crypto-based bearer bonds. Do a search for "bearer bonds" and look into their history and current legal status.