As I see it, is digital bearer cash for a digital barer asset over a priced queue. The variational limits on any proposed trade are limits, as specified, over observables in the destination queue. In other words, no hidden variables available to the select few without fair auction. Everything reverts back to priced queue.
Digital bearer asset in the router are hot potato, they have to be resolved back to the thumb print in finite count and time, insuring all escrow instruction are finite blockchain.
A digital asset may be another authorized escrow instruction, they nest and inherit properly. Very simple rules. Trading bots know the difference between pricing variance and bit error at the exchange. The key to all this is the pre-qualification token, routers need proof of a thumb print as the routers secure cash in advance.
The concept of the router is to impose no queueing, make it simple, easily duplicated, and costless as possible. Then all price variation (and queueing) gets shoved out to fair traded pits and ledgers.
Regulatory?
Itis all in the definition of yournescrow router. The router supports fair trading, meets the rules in order to price risk. So, regulatory bots all have the fair trade 'hooks', the necessary contract on price and bit variation. The regulator don't get special rules, unless thumb print enabled.
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