In light of Sam Bankman Fried’s recent 25-year prison sentence and the FTX collapse, what are the deeper implications on the crypto industry as we move into a new era of digital asset adoption? In this week’s episode, we discuss the erosion of trust, the need for strong governance and risk management controls, and the responsibility of individuals in understanding the risks involved when participating in or operating a business in the crypto space.
Join Jessica Cath, Head of Financial Crime for the UK’s Thistle Initiatives, and Mardi MacGregor, partner at Fox Williams LLP, as they highlight the high barriers for entry in the UK crypto market and the importance of ongoing compliance and scaling controls as businesses grow. They also discuss the evolving regulatory landscape and regulatory compliance, how the UK might follow the EU in the future of crypto regulation, AML registration, and the need for balanced regulation to protect consumers while fostering innovation.
Disclaimer: Converge is Convera’s new podcast that discusses a range of financial services topics. We want to remind our listeners that the information shared on this podcast is for informational purposes only and should not be considered financial advice. Please note that the opinions expressed on Converge are solely the opinions of the host and the guests, not Convera’s.