At Paris Blockchain Week 2024, industry leaders raised a valid question: Are we doing enough to prevent bad actors from exploiting crypto for illegal activities? In a panel discussion, Jeff Horowitz, Chief Compliance Officer at BitGo, emphasised the critical need for stable coin legislation. He pointed out that while much of the crypto industry collaborates with law enforcement, regulation around stable coins is urgently needed. Why? Because monitoring transactions, implementing anti-money laundering (AML) practices, and freezing assets that land in the wrong hands is crucial to keeping digital currencies safe. "USDC has that capability today, but what happens when we’re dealing with hundreds of different stable coins globally?" – Jeff Horowitz Adam Levine, Vice President & Head of Corporate Strategy at Fireblocks, added to the conversation by highlighting a common misconception: Crypto sceptics often argue that traditional assets are safer, but let’s be honest — fiat currencies aren't immune to misuse either. 💡 The industry's challenge? Closing the regulatory gap to ensure crypto doesn’t become a tool for those with dangerous intentions. 👉 What are your thoughts? Is crypto not inherently risky, and is it actually the lack of regulation that creates vulnerabilities? 🤔 -------------- Keen to be part of these thought-provoking conversations in person? Secure your spot for #PBW2025 — register your interest on our website, or text INTERESTED via WhatsApp to join our exclusive community. (Link in the comments 👀) #CryptoRegulation #Stablecoin #Blockchain #Fintech #AML
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Financial Economist & Frontier Tech Strategist, Women in Fintech Powerlist 2022 + 2023, Global Winner of Woman in Web 3.0 Award, Top 100 Women of the Future, DEI Advocate, Board Member, Keynote Speaker
Crypto Assets Regulations: In 2024, global regulation of #cryptoassets is evolving rapidly, driven by institutional demand. The acceleration in regulatory changes is driven by several factors. Governments prioritize investor protection with stringent #AML measures and clear guidelines to prevent fraud and financial crimes. Ensuring market stability is very important, and regulatory frameworks aim to prevent excessive speculation and volatility. As crypto sees increasing institutional adoption, with products like #BitcoinETFs and #EthereumETFs being approved, governments believe that regulatory oversight is necessary. Additionally, as #blockchain gets more and more integrated into financial systems, policies are being crafted to address its unique challenges and opportunities, including licensing and guidelines for #stablecoins. The evolution of crypto regulation includes comprehensive legislation, enhanced supervision, alignment with international standards, and a more positive institutional outlook. Countries are enacting comprehensive crypto legislation covering various aspects of the #digitalasset ecosystem, intensifying supervision and enforcement activities, and aligning regulations with international standards set by organizations like the FATF. Coincub has done an interesting analysis, as shown by the infographic, with #UAE being in top ten. #cryptoregulation #blockchain #web3 #cbdc #stablecoin #virtualassets #fintech #cryptoregulations #techtrends2024 #emergingtech #uae #womenintech #innovation
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Crypto Crime Myth Busted: The Shrinking Shadow That Rarely Makes Headlines ️🤐 Illicit crypto transactions have been steadily dropping, not skyrocketing. In 2023, they shrunk from 0.42% to just 0.34% of all transactions. Think of it like this: if all crypto transactions were a bustling city, illegal activity would be a single, shrinking alleyway tucked away in a corner. Important to address, sure, but hardly representative of the whole vibrant metropolis. The vast majority of crypto activity is legitimate, driving innovation, enabling financial inclusion for millions, and empowering creators in exciting ways. Why the decline? ⚡ Tougher Regulations: Governments and financial institutions are cracking down, making it harder for criminals to operate. ⚡ Smarter Tracing Tools: Blockchain tech is evolving, with better tools to track and identify illicit transactions. ⚡ Criminal Shifts: Crooks are turning to other methods, like traditional fraud, as crypto becomes less attractive for illegal activities. ♀️ So, the next time you hear the "crypto is full of criminals" narrative, remember the #data. Illicit activity, while present, is a shrinking blip on the ever-expanding crypto radar. 🚀 Let's focus on the vast potential of this technology to revolutionize finance, empower individuals, and create a more inclusive and transparent future, all while keeping a watchful eye on those shrinking alleyways. Full report below: ⬇ #mowblox #cryptocurrency #blockchain #futureoffinance #financialinclusion #debunkingmyths #factsnotfear
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Cryptocurrencies: The Future of Money or the Future of Disappointment? Cryptocurrencies have been a hot topic in recent years. Some people believe they are the future of money, while others see them as just another bubble. So, who is right? 🤔 Cryptocurrencies are digital assets that use cryptography to secure transactions and prevent counterfeiting. They are not controlled by central banks or governments, making them independent of traditional financial systems. 💰🔒 Cryptocurrencies have a number of advantages over traditional currencies. They are more secure, as transactions are protected by cryptography. They are also more transparent, as all transactions are recorded on the blockchain. Additionally, cryptocurrencies are more accessible, as they can be stored and transferred without intermediaries. ✅🔍💻 However, cryptocurrencies also have a number of disadvantages. They are characterized by high volatility, making them a risky investment. Additionally, cryptocurrencies are not regulated by most governments, which can lead to security and fraud problems. ⚠️💸 If you want to invest in cryptocurrencies, be prepared for your money to either increase in value or lose all its weight. In this sense, cryptocurrencies are like kittens. They can be very cute and fun, but they can also be very unpredictable. 😺📈📉 Where is the future of cryptocurrencies? This is a complex question with no easy answer. On the one hand, cryptocurrencies have a number of advantages that could make them more attractive to investors and users. On the other hand, they are also subject to a number of risks that could limit their spread. 🌐🚀 Ultimately, the future of cryptocurrencies will depend on whether they can overcome these risks and win the trust of the general public. 🤞💪 #crypto #morabitox #btc #web3
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Could the US Government Ban Cryptocurrency? Unveiling a Forgotten History In this eye-opening short video, "Could the US Government Ban Cryptocurrency? Unveiling a Forgotten History," we explore the intriguing possibility of a government-imposed ban on cryptocurrencies in the United States. Delving into historical precedents, the video uncovers past instances where the government has intervened in the financial sector, providing a context for understanding the current crypto landscape. Through expert analysis and historical comparisons, it examines the legal and regulatory frameworks that could enable such a ban, and the potential repercussions on the economy and individual liberties. This video is a must-see for anyone interested in the intersection of technology, finance, and government policy, offering a comprehensive look at a topic that could shape the future of digital currencies. #CryptoBanPossibility #USGovernmentAndCrypto #CryptocurrencyRegulation #FinancialHistory #CryptoLegalities #DigitalCurrencyFuture #EconomicPolicies #TechFinance #GovernmentIntervention #CryptoEconomy #BlockchainRegulation #FinancialFreedom #CryptoAwareness #DigitalAssetsRights Minerva Money Management is authorised and regulated by the Financial Conduct Authority. Your capital is at risk. Past performance is not a guide to future performance. Views we express on companies do not constitute Investment Recommendations and must not be viewed as such.
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Partner K&L Gates | Corporate Capital & Financial Markets | Web3 Thought Leader & Blog | Digital Economy Tokenization STO Web3 Crypto | Digital Economy Columnist| ESG Green Finance| ViceChair Korea Chamber of Commerce HK
42 countries have discussed or passed crypto regulations. More than 40 countries have taken some sort of initiatives concerning crypto-focused regulations and legislations this year, according to a new report from PwC, CoinDesk reported. Out of these countries, more than 20 countries may have “passed” comprehensive crypto regulatory frameworks over the past year, per the report. The regulatory and legislative initiatives mentioned in the report seems to have addressed “four key focus areas” – (1) stablecoin regulation, (2) travel rule compliance, (3) licensing and listing guidance, and (4) crypto framework development. Some countries have been already engaging in all these key focus areas, while others have dealt with one or a couple of key focus areas. Out of the 4 focus areas, “travel rule” areas seem to be the most widely considered topic, “with 40 of the 42 jurisdictions at least discussing the matter”. On the other hand, stablecoin regulations appear least discussed/considered. Read on the report for more details! #cryptoregulation #crypto #cryptoassets #virtualassets #digitalassets #travelrules #stablecoins #cryptocurrencies
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CEO @ AnChain.AI (Hiring!)🦄 AI x Cybersecurity Entrepreneur 🏆 RSA Innovation Award 🛡️Ex Google Mandiant 🤖 25 Patents on AI 🛰️ Investor AI & Space📚 Author 🏊♂️ Swimmer 👨Father 🎹 Musician
Congrats AnChain.AI the Mission Critical team already made new waves of global impact in 2024! Meet Tracer #IRL, the #AI automation for DeFi and blockchain investigation, woof woof 🐶 Our experts are happy to demo: https://lnkd.in/gxTCVEF 🐶 Dressing in red to celebrate 🎉 - Spring festival 🧧 - Valentine’s Day ❤️ - and my birthday 🥳 #web3 #Weekend reads: latest pivotal movements and regulatory updates in the digital assets space. 💳 Visa Enables Crypto Withdrawals on Debit Cards in 145 Countries ⚖️ DOJ and SEC Unveil Charges for $1.89B HyperFund Crypto Fraud Scheme 💰 US Files Notice to Sell $130M in Bitcoin Linked to Silk Road Forfeitures 🇩🇪 Unprecedented $2.1B Bitcoin Seizure in Germany Linked to Online Piracy Group 🇹🇭 Thailand's SEC Breaks New Ground in 2024 With Crypto-Friendly Rules 🇭🇰 Hong Kong Receives First Bitcoin ETF Application Amid Growing Stablecoin Interest Now, let's dive into this week's global crypto roundup. 🇺🇸 United States 💳 Visa Enables Crypto Withdrawals on Debit Cards in 145 Countries …. Read more, subscribe to AnChain.AI newsletter 🚀
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The Australian Government has taken important steps in its approach to regulate crypto and digital assets, to protect Australian consumers and support innovation. Over the past few months, we have been encouraged by the open dialogue between industry, policy makers and regulators. However, there is still more to be done to provide industry certainty. It is not sufficient for crypto and digital assets to be regulated by existing regulations for financial services. We believe the better approach is for jurisdictions to accommodate global models for custody with the appropriate guardrails. I sat down with David R. Ross at The Australian recently to discuss the current state of crypto regulation in Australia, the challenges around regulation and what’s next. I look forward to continuing the discussion with the Government and wider industry, to pave the way for a safe and sustainable local crypto ecosystem. You can read more through the link in the comments 👇 Blockchain Australia Coinbase #crypto #regulation #futureoffinance #coinbase
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🔒 Myth 5: There’s no way to prevent criminals from using crypto 🔍💰 📊 Dispelling the Myth: While concerns about criminal misuse of cryptocurrency exist, it's a myth that there are no mechanisms in place to address illicit activities. Blockchain analytics tools and regulatory frameworks play a crucial role in enhancing transparency and traceability within the crypto ecosystem. By leveraging these tools, authorities and businesses can detect and deter illicit transactions effectively. 💡 Insightful Perspective: Recognizing the potential for misuse, the crypto community and regulatory bodies have been proactive in implementing measures to combat illicit activities. From Know Your Customer (KYC) protocols to Anti-Money Laundering (AML) regulations, the industry is continuously evolving to promote compliance and integrity in crypto transactions. 🔒 Why it Matters: Addressing the myth of unchecked criminal use of crypto is essential for fostering trust and legitimacy in the digital asset space. By highlighting the ongoing efforts to enhance security and compliance measures, we can demonstrate the commitment of stakeholders to creating a safe and transparent environment for crypto transactions. 🔗 Join the Discussion: Let's explore into the strategies and technologies employed to prevent criminal misuse of cryptocurrency, debunk misconceptions surrounding security in the crypto sphere, and learn about the evolving landscape of regulatory compliance in digital asset transactions. Stay tuned for more insights and myth busting of cryptocurrency. #Cryptocurrency #BlockchainForensics #CFP #CDFA #Divorce #Alimony #ChildSupport #FamilyLaw #Attorney #Lawyer #Probate #Estate
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What’s been happening in the Crypto regulatory landscape? 🤔 Cryptocurrency regulation is at a turning point, sighted by a recent CoinGecko report detailing significant US enforcement actions, totaling $12.4 billion. - Celsius network's record of $4.7 billion settlement tops the list, underscoring investor protection violations. - Binance, with a $4.3 billion settlement, marks a regulatory achievement, being the only operating crypto company to reach a billion-dollar settlement - Voyager Digital’s $1.65 billion settlement further illustrates the sector’s challenges. What’s the bigger picture? 👉Just 15 crypto lawsuits have reached settlements over $10 million, a stark contrast to the 48 settlements exceeding $1 billion in the traditional finance sector 👉2023 saw 7 of the top 15 US crypto enforcement actions settled, reflecting intensified regulatory scrutiny following the FTX collapse. Who are the regulatory players? The SEC leads with 8 of the top 16 settlements, with other agencies like the Treasury Department and CFTC also playing significant roles. Are we witnessing a necessary correction? Or is this a sign of over-regulation stifling innovation? We’d love to hear your thoughts! You can find the full report here: https://lnkd.in/dFBedm2P #Enjinstarter #Enjinstartermena #ejs #ejsmena #launchpad #regulations #crypto #blockchain #web3
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**The $2.3 Billion Tornado Cash Case Is a Pivotal Moment for Crypto Privacy** Tuesday’s verdict in the trial of Alexey Pertsev, a creator of crypto-privacy service Tornado Cash, is a landmark case in the world of cryptocurrency and privacy. With Pertsev facing charges related to money laundering, this trial is the first in a series of legal battles that will shape the future of financial surveillance and privacy in the decentralized financial ecosystem. Tornado Cash, a popular service designed to anonymize cryptocurrency transactions, became a lightning rod for controversy as regulators moved to clamp down on illicit activities. The trial has significant implications, raising critical questions about the balance between financial privacy and the necessity of regulatory oversight. This case is expected to set a precedent for how privacy-centric crypto services are governed. The outcome could either herald stricter surveillance measures or reinforce the push for privacy and anonymity in digital finance. As the industry awaits further developments, it is evident that this case will influence regulatory frameworks and crypto innovations alike. Crypto enthusiasts, developers, and legal experts are closely watching as this trial unfolds. The verdict has potential repercussions that extend beyond Tornado Cash, implicating other similar services and setting the stage for future legal and regulatory decisions. As we navigate these transformative times, the importance of fostering a harmonious relationship between innovation in the crypto space and robust regulatory practices cannot be overstated. The Tornado Cash case underscores a critical juncture in the ongoing debate over privacy and transparency in financial transactions. #CryptoPrivacy #TornadoCash #AlexeyPertsev #FinancialSurveillance #Cryptocurrency #Blockchain #FinTech #CryptoRegulations #PrivacyVsTransparency #DecentralizedFinance #CryptoLaw Read more on Wired here: [https://lnkd.in/e_BWHVPK)
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