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RE: Why IRS can bust you on centralized exchanges and not on Bitshares!
The DEX should not be looked as a means of tax evasion. Tax codes have not caught up to crypto yet and it is very unlikely that any authority trying to tax crypto to crypto trading would be successful in court, despite the mumbo jumbo about barter (there are no goods or services exchanged in a crypto to crypto trade, as crypto is neither good nor service as of yet). However, if and when any crypto touches fiat we should all be more than happy to pay the tax man!
Yes exactly that is appropriate. As long as your funds stay on Bitshares blockchain we can assume that they are actually under Bitshares jurisdiction, as its are in foreign country. To put more simply Bitshares and any other decentralized exchange should be treated as free cyber state.
Anybody can freely join this cyber state by opening account on its blockchain.
In my opinion this is fair regulation.