The BoE rep today made a comment to the effect that there is a choice to be made between being unregulated and small or regulated and accessing 100's of millions of users. The authorities who are tasked with providing stability will have a hard time understanding that confidence can come from the blockchain and not from regulation. I expect the big winners will be those who in the short term do acknowledge basic AML and KYC. No systems like discontinuity.. you can't expect to jump from what we have to what we want, all in one. That said, BoE and UK do appear to understand that blockchain technology needs new regulation not just the old.. that's where they are doing their homework to resolve what realistic options are.