INTERACTIVE PANEL DISCUSSION WITH AUDIENCE Q&A: WHAT EFFECT ARE REGULATORY CHANGES IN THE FIELD OF CRYPTO HAVING ON THE PERCEPTION OF RISK AND SAFETY?

The crypto world has seen numerous scandals in recent years, and as a result, governments and regulators have sought to ensure participants are protected by the introduction of high-profile regulatory changes. The intention is to prevent the abuse of the crypto industry by illicit actors and drive a level playing field across Europe.

Whilst the concept of a regulated and fair crypto market has largely been welcome, the sector now faces challenges in adoption of these regulations, and overcoming costs associated with these changes. This panel discussion will focus on:

• Onboarding crypto firms - who is considered a "CASP" and what difference does this make to your exposures here?
• What are the risk management considerations you need to take into account when working with CASPs?
• Will MICA result in fewer crypto players in the EU, due to high compliance costs?
• What are the data sharing requirements associated with the Travel Rule, and who would these apply to?
• How will DORA be applied to crypto firms, and how will this differ from others in the financial space?

In this interactive session, you will get a chance to reflect on the core discussions over the past two days and learn what you need to drive changes in your approach to financial crime. You will cover: 

·       How to overcome the challenges posed by recent and forthcoming regulatory change

·       Where an updated approach to technology can make a tangible difference?

·       Where the role of the human sits in today’s compliance world?