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177. Insights: What does AML and regulation look like in web3?
Blockchain Insider Podcast by 11:FS
Is There a Knee Jerk in the Crypto Space?
I honestly think that if this was three years ago, we may have seen this sort of knee jerk. That's part of because I don't think regulators had really been thinking 3 to 5 years ago the way they are today. And so I'm regulation really already in place in the crypto space. FTX, for example, really was a centralized financial institution. The fraud here did not occur on blockchains, right? They occurred off chain in the sort of commangling of user funds to make investments to pay campaign contributions.
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