“I feel what’s attention-grabbing is there’s lots of regulation within the US. It is simply not cohesive and particular to this house aside from locations like New York and shortly to be California, Louisiana.” – Thom Hook
On this episode, Ian Andrews (https://twitter.com/IanAndrewsDC) (CMO, Chainalysis) visitor Thom Hook (http://linkedin.com/in/thomas-hook-j-d-cams-30173945) (World Chief Compliance Officer and U.S. Chief Compliance Officer, MoonPay) summed up in a single sentence what the crypto regulatory framework is like within the USA and the way its impacting crypto companies and innovation as an entire.
Thom goes on to debate his expertise working at Circle in the course of the early days of crypto and the challenges of constructing a compliance program in a quickly evolving trade.
He offers insights into MoonPay’s distinctive enterprise mannequin, which focuses on retail on and off-ramp providers for cryptocurrencies and NFTs and their function as a noncustodial platform.
He additionally touches on subjects reminiscent of banking relationships, regulatory frameworks, pig butchering and different scams within the trade and the brand new demand for crypto attorneys within the face of accelerating regulatory stress.
Minute-by-minute episode breakdown
2 | Thom’s story of constructing compliance packages from Becoming a member of Circle in 2014, transitioning to Bitstamp to touchdown at MoonPay
4 | MoonPay’s enterprise mannequin of not being a crypto change and making it simpler for innovation to have fee rails
7 | Significance of compliance and transaction monitoring in acquiring and sustaining banking relationships
12 |Variations in laws between the US and different nations
15 | Significance of fame and threat evaluation for companion choice and key
17 | Key takeaways from the convention panel dialogue with different compliance consultants
19 | Utilizing training to fight pig butchering scams and the impression of sanctions
22 | Instructing a category on crypto regulation and its give attention to laws which have probably the most impression
25 | Prediction of elevated demand for crypto attorneys as a result of regulatory stress and pleasure for innovation and progress within the crypto trade in 2024
Associated sources
Try extra sources offered by Chainalysis that completely complement this episode of the Public Key.
• Web site: MoonPay: Your gateway to Web3 – Expertise the most effective of Web3 utilizing MoonPay (https://www.moonpay.com/)
• Weblog: We’re reside in Louisiana! MoonPay is again in enterprise within the Bayou State (https://www.moonpay.com/newsroom/louisiana)
• Article: Crypto attorneys to be in demand as regulatory stress reaches boiling level (https://cointelegraph.com/information/crypto-lawyers-to-be-in-demand-as-regulatory-pressure-reaches-boiling-point)
• Weblog: Crypto On-Ramp: Enhance your income with the world’s #1 crypto on-ramp (https://www.moonpay.com/enterprise/onramps)
• Registration: Digital premiere of Hyperlinks 2024 (NYC Essential Stage Content material and extra – Register Now!) (https://go.chainalysis.com/virtual-links-2024.html)
• Weblog: Crypto Staking Overview: How It Works, Advantages, Dangers, and Future (https://www.chainalysis.com/weblog/crypto-staking/)
• YouTube: Chainalysis YouTube web page (https://www.youtube.com/c/Chainalysis)
• Twitter: Chainalysis Twitter: Constructing belief in blockchain (https://twitter.com/chainalysis)
• Tik Tok: Constructing belief in #blockchains amongst individuals, companies, and governments. (https://www.tiktok.com/@chainalysis)
• Telegram: Chainalysis on Telegram (https://t.me/chainalysisinc)
Audio system on at this time’s episode
• Ian Andrews (https://www.linkedin.com/in/ianhandrews) * Host * (Chief Advertising and marketing Officer, Chainalysis)
• Thom Hook (http://linkedin.com/in/thomas-hook-j-d-cams-30173945) (World Chief Compliance Officer and U.S. Chief Compliance Officer, MoonPay)
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