Speaker 2
What would you like to see happen from an international perspective in an ideal world? What is what does it look like to have these bad actors eradicated the industry?
Speaker 1
Great. Well, one thing I'll actually highlight a wonderful event and an announcement that I know is being made, I think imminently or right now at Consensus is the launch of the crypto information sharing and analysis center. So basically more timely operational information sharing of real time threat information amongst the sector to be able to detect and stop these illicit flows. Most actors in the space do not want to be the facilitators for North Korean money laundering or ransomware criminals or child sexual abuse material. They don't want to be the favorite mechanism for a cyber for a cyber criminal group to purchase their exploit kits on the dark net. So what they need to do is leverage where governments have put in place certain liability protections and be able to share real -time information sharing and in a machine -readable way which crypto is perfectly positioned for. So I'm excited that the crypto ISAC is launching at this event. I want to see more of that information sharing internationally with exchanges that are operating across borders and in jurisdictions. I hope that they'll consider being part of that international effort. And then in a perfect world, we have all countries actually abiding by the Financial Action Task Force, the FATA, kind of the UN for anti -money laundering standards for anti -money laundering, because that will mean that it's not just the US and the EU and several other countries that have put in place stronger AML frameworks, but ultimately we've not seen enough especially enforcement. We need we need more enforcement in the space so that the good actors can be rewarded for their compliance. Carol
Speaker 2
we are going to talk be talking about crypto ISAC later on today. So thank you for bringing that up here. And thank you so much for joining our program. That was former
Speaker 1
White House official Carol House