This is so different to bitcoin. It's a centralized service. There's no reason for them to not just use an SQL database instead of a completely neutered blockchain. The whole point of bitcoin was to avoid that centralization.

I know you probably know that, but we need to nip in the bud any suggestion of anonymity because cryptocoin.

"At the core, we believe that a network that helps move more cash transactions — where a lot of illicit activities happen — to a digital network that features regulated on and off ramps with proper know-your-customer (KYC) practices, combined with the ability for law enforcement and regulators to conduct their own analysis of on-chain activity, will be a big opportunity to increase the efficacy of financial crimes monitoring and enforcement"

I mean GNU Tailer experimented with some ideas to bring crypto above-board but they didn't really have the mindshare to attract any significant attention.