2min chapter

Blockchain Insider Podcast by 11:FS cover image

177. Insights: What does AML and regulation look like in web3?

Blockchain Insider Podcast by 11:FS

CHAPTER

The Challenges in Traditional Finance and Cryptocurrency

Key challenges for anti-finance or crime are lack of information sharing. Traditional firms can only see part of the story that's within their transaction monitoring and customer book. And there's also some hesitation from regulators about using new tools. But we have improved, we're moving to a risk based approach instead of a rules based approach.

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