From your blog:
Havelockinvestments is a larger platform, which was initially started as a Canadian company but then transformed into Panama-registered investment fund. It does provide as such a certain legal framework for the listed securities, basically they are considered to be sub-funds in the feeder fund. Havelockinvestments allegedly buys shares in all listed companies, and resells it for Bitcoins as stocks corresponding to its sub-funds.
Could you cite the source of the emboldened text?
[edit]
Not sure if the following is meant as an argument in the alternative, since it is impossible for decentralized exchanges to vet securities issuers?
...The costs of regulation and law enforcement could be prohibitively high. The emergence of decentralized marketplaces which are effectively impossible to take down should make governments worldwide to re-think their stance on regulation, and understand that some things cannot be regulated, and have to be simply dealt with.
...
The key to success here would be the issuers screening and preemptive measures against fraudulent players.
...
