Ever heard of FATCA? Ever wonder why every bank in the world pretty much pays attention to US regulations? You can expect the SEC to go to every monetary authority in the world (FINMA, Monetary Authority of Singapore, SEC of Hong Kong, etc.) and get them on board for the same rules. They already comply with all the KYC/AML rules for the most part, it is just extending the policies to Token Generating Events.
Now, those jurisdictions that don't fall in line will risk the same thing that happened to Switzerland to open up its banking system to FATCA (threaten huge fines on Swiss banks and threaten to pull their US licenses). Or if it is a smaller "offshore" jurisdiction it will be branded as money laundering, tax evasion, and then they will fall in line because the global financial system will avoid them if they don't.
Governments are going to embrace blockchain full swing for everything from currency to securities to derivatives to asset tracking. But the caveat is they will also tax everything and be very accurate because of the ability to track the transactions on the ledger! Get ready to fall in line with the regulations or get squashed, the days of cowboy trading in cryptocurrency are numbering near single digits now. Don't be a deer in the headlights!
RE: BitShares-Based SEC-Compliant Tokens & Exchange