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177. Insights: What does AML and regulation look like in web3?
Blockchain Insider Podcast by 11:FS
AML Compliance in a Decentralized Space?
Regulation up till basically this minute in the crypto space has always been how do we regulate centralized exchanges, right? That's what we keep talking about, the travel rule and the way they engage with unhosted or self-hosted wallets. I think we're just starting, and I'm not sure FTX really helped this. We were really just starting to talk about, I think really how do we think about regulation and AML compliance in a truly decentralized space? And it actually is exceptionally important because when you are tracing illicit funds, what do you actually want to do with them at the end of the day? You want to freeze them and get them back.
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