Fantastic insights from our very own James Dalton 🚀
🔌Connecting The Crypto Compliance Community Via Content l Web3 l Blockchain Investigations l Compliance Consultant l Certified Crypto Trainer l Speaker l Podcast Host l Ex-Bitfinex
💡🤔 The Light Bulb Moment When It Comes to Crypto Regulation 🤔💡 I have been in several rooms with regulators, private sector crypto investigation companies and international authorities and those "sandbox" environments often lead to a great amount of clarity for everyone at the table In this fireside chat with ⭐️Abi Bryant Spolar and ⭐️James Dalton, we see what the impact of Jame's company, Ramp Network participating with Notabene as part of the Financial Conduct Authority's Regulatory Sandbox. A couple of key insights that Jame's shared that led to this light bulb 💡 moment of knowing he went with the right provider and implementation for the Travel Rule ⬇️ ✅ When the Financial Conduct Authority reached out to virtual asset service providers to see how they were going to approach the proposed regulations and such questions were already addressed via the sandbox exercise ✅ Travel Rule compliance is a team sport and it's not enough that an individual VASP is doing great if it can't get access to the rest of the ecosystem. I think companies like Notabene, Chainalysis, Fireblocks and others don't just provide a solution they provide you access to top industry players and in this case even regulators ✅ Unhosted/self-hosted wallets and the sunrise issue will always be top of mind when it comes to regulators and compliance programs trying to navigate MiCA's TFR and similar regulations all around the world. ✅ When regulations are still being molded you want to make sure the compliance team, your vendors and your product team are at least directionally correct. They may not be able to finalize everything until the regulations come into force, but they should be closer to the finish line vs just starting the process when the regulatory deadline fast approaches 🎥 Watching this fireside chat along with several other conversations that Notabene provided at their EU Travel Rule Summit, with professionals like ⭐️ Dr. Jonas Gross ⭐️ Alexandre Kech ⭐️ Vid Hribar ⭐️ Barry Torsney and many more....... Has me realizing the Travel Rule problem is alot more complex than just gathering and sending information between VASPs. 😅 Companies really shouldn't be waiting until the last minute to address these issues and prep their product teams 😅