Slow-moving Regulation Amidst the Blazing-Fast Blockchain Industry (BTC / ETH / Blockchain Superconference Intervew)

Finding Genius Podcast

Richard Jacobs

Medicine, Health & Fitness

4.4 • 1K Ratings

🗓️ 16 August 2017

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

Digital currency has the potential to be instant and global, but to what extent will the realization of this potential be stymied by regulation? How can this type of innovation maintain both momentum and regulatory compliance? Among other things, Amber Scott, Chief AML Ninja at Outlier Solutions, and Joseph Ciccolo, Head of BitAML, will be addressing these questions at the upcoming Bitcoin, Ethereum, and Blockchain SuperConference slated for February of 2018. Admittedly one of the biggest challenges to the cryptocurrency industry, potential remedies for regulatory restrictions are already surfacing. "We can demonstrate as an industry to the regulators that not only are we are in a position to have a strong compliance program in place to meet their requirements as a regulatory body, but at the same time we have some other tools at our disposal as an industry that are creative, and that in many cases are ahead of traditional bank compliance AML tools," says Ciccolo. Tune in to hear more.
Scott and Ciccolo also discuss:

The additional challenges presented by the local nature of regulation
The position and attitude of federal US agencies on innovation and regulation, as well as state impact on money transmission regulation
Canada's current status on the topic, and the intent of Canadian regulators
Additional topics that they plan to discuss at the 2018 SuperConference

Transcript

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0:00.0	The Bitcoin, Ethereum, and Blockchain Superconference is coming to Dallas, Texas, February 16, 17, and 18 in 2018.
0:11.9	If you know of a better way to get the latest insider knowledge about crypto, to hear directly from the top minds in this field,
0:18.4	to interact personally with 800 fellow crypto lovers,
0:22.4	hodlers, investors, miners, traders, developers and founders, then I'd like to hear about it.
0:28.6	If you don't, then you don't want to miss out.
0:31.6	Registered today for the Bitcoin, Ethereum, and Blockchain Superconference.
0:35.9	Go to Bitcoin Superconference.com and register today as a super early bird to get the lowest rates on tickets and hotel rooms.
0:44.3	That's Bitcoinsuperconference.com.
0:48.8	Welcome to Almost Here, Around the Corner of Future Technology Podcasts with Richard Jacobs.
0:55.3	Future Technologies, ways to transform our lives for better or worse,
0:59.1	are the focus of this podcast.
1:01.0	Almost here means these technologies are now here and starting to be used,
1:05.0	or just around the corner, from Bitcoin to artificial intelligence, 3D printing,
1:10.4	blockchain, virtual reality, and more.
1:13.7	Hi, this is Richard Jacobs with Future Tech Podcast, and I had a little bit different spin on things today.
1:20.2	Two of my guests, they can both be speaking at the Bitcoin Ethereum and Blockchain Superconference in February, in Dallas, February 16, 17, 18. I wanted to have them on the podcast, Ethereum, and Blockchain Superconference in February 16, 17, 18.
1:29.8	I wanted to have them on the podcast so we could talk about and hint at their upcoming topic.
1:35.1	They're going to be talking about regulations versus industry speed.
1:39.8	You know, regulations being slow and moving along kind of slowly, like the tortoise and the hair example.
1:45.4	And the industry, as we all know, is blazing fast, innovating, changing every day, how the two
1:50.9	are going to reconcile without colliding and, you know, causing a big mess.
1:55.5	So I have Joe Chichlow, head of Bit AML and Amber Scott, Chief AML Ninja at Outlier Solutions.
	...

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