Public Key

In this discussion, Ryosuke Ushida, Chief FinTech Officer at Japan's Financial Services Agency, shares insights on Japan's pioneering role in crypto regulation following the Mt. Gox collapse. He reveals how Japan balances innovation with risk management, emphasizing self-regulation and cross-agency cooperation. Ryosuke discusses the evolution of stablecoin regulations, the importance of international policy harmonization, and addressing cybersecurity threats. His perspective highlights Japan's proactive stance, making it a global leader in shaping crypto regulatory frameworks.

In this episode,  Jim Lee (Global Head of Capacity Building, Chainalysis) sits down with Richard Las (Chief Investigation Officer, Director Fraud Investigation Service, HM Revenue & Customs) to discuss cutting-edge developments in tax fraud investigations. Richard shares his experience in managing a multi-faceted team and emphasizes the importance of international collaborations in combating financial crime, while sharing HMRC's approach to tax compliance, the impact of technological advancements in investigation and the role of public-private partnerships in reinforcing global financial security. The episode highlights the use of intelligence-led investigations, showcasing how data and private sector partnerships augment HMRC's efforts and how strategic data analysis aids in the fight against tax evasion, particularly with regard to burgeoning areas like crypto assets.  Minute-by-minute episode breakdown 2 | Richard Las' background and his role at HMRC 4 | HMRC's fraud investigation service and capabilities 7 | Tax obligations for crypto holders in the UK 10 | Civil vs criminal tax offenses in undisclosed crypto gains  12 | International cooperation against tax evasion 15 | Public Private Partnerships and leveraging crypto service providers Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: HMRC: UK’s tax, payments and customs authority Report: HMRC Internal Manual: Cryptoassets Manual Guidance: 01Jan2026: New data collection and reporting requirements for UK Cryptoasset Services Forum: HMRC Community Forums - Crypto Tax (BETA) Blog: Huione Carries On: Chinese-Language Platform’s Persistence Reveals the Complexity of On-chain Financial Crime Disruption Announcement: Chainalysis and Aptos Foundation Partner to Increase Trust and Security YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: Building trust in blockchain Speakers on today’s episode Jim Lee *host* (Global Head of Capacity Building, Chainalysis) Richard Las (Chief Investigation Officer, Director Fraud Investigation Service, HM Revenue & Customs) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company. 

If we look out 5-10 years, what is going to be more important to the next generation. Is it their digital life or their physical life? In this “Live from Links” episode, Patrick Ghion, Chief Cyber Strategy Officer for the Geneva Cantonal Police and an active member of the INTERPOL Metaverse Expert Group provides his answer to  Jim Lee (Global Head of Capacity Building, Chainalysis), who spent almost 30 years with IRS Criminal Investigation team. The duo discusses the complexities of law enforcement's evolving landscape in the digital age and the critical role of public-private partnerships and academia in combating cybercrime. Patrick provides context around the creation of regional Cyber Competence Centers (RC3) and the progress law enforcement is making in the metaverse, while encouraging  police departments to strategize for future threats, training, and the integration of AI. Minute-by-minute episode breakdown 2 | Patrick’s career progression and intro to Regional Cyber Competence Center (RC3) 5 | Metaverse policing strategy and approach to “Vision 2030” 7 | Societal shift to report cybercrimes to police in the metaverse than in real life 11 | Public-Private and Academic Partnerships 15 | Hiring strategy for law enforcement for crypto and AI  19 | Reflections on Links Conference and networking   Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Geneva Police: Protect and Serve Blog: Vision 2030+: Geneva Police in the Metaverse Blog: Chainalysis Links NYC 2025 – Day 1 Showcases Innovation, Security, and Collaborative Power Chainalysis In Action: How Chainalysis Helped the FBI Track Down and Freeze Millions in the Caesars Casino Ransomware Attack Blog: AI-Powered Crypto Scams: How Artificial Intelligence is Being Used for Fraud YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: Building trust in blockchain Speakers on today’s episode Jim Lee *host* (Global Head of Capacity Building, Chainalysis) Patrick Ghion (Chief Cyber Strategy Officer, Geneva Cantonal Police) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company. 

How does someone who has been through multiple bear and bull markets in crypto, cope with such a volatile industry? Keep Building.  In this “Live from Links” episode, Caitlin Barnett, Director of Regulation & Compliance at Chainalysis) reconnects with her former Gemini co-worker, Ira Auerbach (Head of Tandem, Offchain Labs) as they go deep on the scalability and innovation challenges and successes on the Ethereum blockchain.  Ira shares the initiatives at NASDAQ and Gemini that bridged traditional finance products to the crypto market and how his focus has shifted at Offchain Labs, where they are fostering blockchain innovation, solving complex computational challenges and emphasizing stablecoins' impact on market dynamics. A great episode for founders, investors and compliance folks in the crypto industry.  Minute-by-minute episode breakdown 2 | Lessons from many crypto bull and bear markets 4 | Focus on institutional solutions and stablecoins 6 | Offchain Labs and Arbitrum improve scalability and usability on Ethereum 8 | Blockchain gaming, decentralized sequencers and fully homomorphic encryption (FHE) 10 | Tandem's partner studio and venture capital Approach 12 | Current crypto investment landscape 14 | Camelot and the industry’s shift to DeFi after centralized collapses 16 |Future of investing in blockchain and AI 18 | Thoughts on stablecoin infrastructure players in the industry Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Offchain Labs: Scaling Ethereum Without Compromise Blog: Bringing Interoperability to Arbitrum and Ethereum Announcement: Tandem by OCL Invests in Camelot, the Largest Native DEX on Arbitrum Blog: OFAC Sanctions Funnull Technology Inc. for Supporting Pig Butchering Scams Blog: Bitcoin Strategic Reserves: Behind the Changing Architecture of Sovereign Finance Blog: AI-Powered Crypto Scams: How Artificial Intelligence is Being Used for Fraud YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: Building trust in blockchain Speakers on today’s episode Caitlin Barnett *host* (Director of Regulation & Compliance, Chainalysis) Ira Auerbach (Head of Tandem, Offchain Labs) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company. 

Carlos Salinas, Head of Digital Assets at Morabanc, discusses the innovative intersection of fintech and traditional banking in Andorra. He emphasizes how regulatory frameworks have positioned his bank ahead of European counterparts in adapting to digital assets. The conversation explores the rise of stablecoin-based settlement solutions that enhance transaction efficiency. Salinas also draws parallels between the evolution of derivatives and cryptocurrencies, highlighting the critical need for banks to evolve or risk obsolescence in the face of rapid technological change.

“We want to achieve our goal of making this the crypto capital of the world.” These are huge aspirations coming from Bo Hines (Executive Director of the President’s Council of Advisors for Digital Assets, The White House). Bo explains to our former Head of North America Public Policy, Chainalysis, Jason Somensatto, how he and the Trump administration are on a mission to recover from the chaotic and lawfare regulatory regime under the Biden administration to foster innovation and fair digital asset regulation within the White House. Bo provides detailed insights into the current administration's plans for promoting a pro-crypto environment including the introduction of legislation on stablecoins and market structures, the role of the Strategic Bitcoin Reserve and Digital Asset Stockpile and collaborative efforts across regulatory agencies. His narrative is anchored by the administration's ambition to ensure that the U.S. leads the charge in digital asset innovation, setting the stage for the move away from the archaic financial systems to instantaneous payments, greater transparency and self custody of assets. This is an episode you don’t want to miss.   Minute-by-minute episode breakdown 2 | From College Football to Crypto in the White House 4 | Paving the Way for the United States as Crypto Capital 6 | Bipartisan Efforts Propel Stablecoin and Market Structure Legislation 9 | Stablecoin Legislation and Market Structure Developments 11 | Pushing for Regulatory Clarity in Crypto 14 | The Government's Strategic Embrace of Crypto and Blockchain Innovation 18 | Creating A Crypto-Friendly Regulatory Environment in the USA Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: The White House: America Is Back Report: Fact Sheet: President Donald J. Trump Establishes the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile Report: Executive Order to Establish United States Leadership in Digital Financial Technology Article: State of Crypto: Mapping Out the Senate Stablecoin Bill's Next Steps Event: Links 2025 Digital Premiere: Free virtual event bringing together the leaders defining the future of blockchain intelligence Blog: U.S. Regulators Give Banks the Green Light for Digital Asset Activities Announcement: Tokenization Meets Institutional-Grade Compliance: Chainalysis Integrates with Hadron by Tether YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: Building trust in blockchain Speakers on today’s episode Jason Somensatto *host* (Head of North America Public Policy, Chainalysis) Bo Hines (Executive Director of the President’s Council of Advisors for Digital Assets, The White House) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.

Jas Takhar, VP of Engineering at Ripple, dives into the future of stablecoin payments and DeFi, sharing insights from his extensive experience with Salesforce and Barclays. He discusses the innovative features of the XRP Ledger, emphasizing its security and payment optimization over traditional smart contracts. Jas also explores the critical role of stablecoins in transforming cross-border transactions and the balance between centralized and decentralized finance. With a focus on regulatory compliance, he addresses the challenges and opportunities surrounding tokenized assets in a rapidly evolving landscape.

Conflict diamonds, sanctions evasion and the evolution of organized crime in digital assets. In this episode we cover all that and more with Eitan Danon (Content Marketing Manager, Chainalysis) and Brad Brooks-Rubin (Partner, Arktouros PLLC). Brad shares his extensive experience working at the intersection of policy, financial crime and international illicit finance to walk the audience through discussions on complex jurisdictions, sanctions and innovative solutions using blockchain technology.  He also  brings to light the critical issues surrounding sanctions compliance and how organized crime is exploiting digital assets particularly in emerging markets where crypto adoption is burgeoning. Eitan and Brad offer a deep understanding of the role U.S. policy plays on the global stage, the challenges of sanctions enforcement and the potential of blockchain in disrupting illegal financial ecosystems. Minute-by-minute episode breakdown 2 | Brad’s career journey from conflict diamonds to crypto   5 | Crypto's role in corruption and illicit financial activities 10 | Blockchain and how it fosters transparency in the diamond trade and sanctions 18 | Africa's economic potential and western engagement challenges with crypto 23 | Evolution of organized crime in the digital age 28 | The value of digital assets during times of geopolitical uncertainty 30 | Crypto Sanctions: Iran, Russia and China’s impact on digital assets Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: ARKTOUROS: Law & Advisory Boutique Dedicated to Civil Society & Emergent Technology Hearing: Crypto Crime in Context Part II: Examining Approaches to Combat Illicit Activity (with Michael Mosier, Partner Arktouros) Report: The Taking of South Sudan: The Tycoons, Brokers, and Multinational Corporations Complicit in Hijacking the World’s Newest State Video Series: Gold Mafia - Episode 1 - The Laundry Service I Al Jazeera Investigations Report: The Chainalysis 2025 Crypto Crime Report (Download Your Copy Today) Event: Links 2025 Digital Premiere: Free virtual event bringing together the leaders defining the future of blockchain intelligence Blog: The DOJ’s NCET Disbanded: What the “Blanche Memo” Means for Digital Assets YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: Building trust in blockchain Speakers on today’s episode Eitan Danon *host* (Content Marketing Manager, Chainalysis) Brad Brooks-Rubin (Partner, Arktouros PLLC)  This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company. 

Join Bill Plumeri, Compliance Executive at Agora and a specialist in crypto compliance, as he chats with Caitlin Barnett from Chainalysis. They delve into the significant advancements in stablecoin infrastructure since 2017 and the critical role of blockchain forensics in combating financial crime. Explore how Agora is leveraging innovative blockchain solutions to tackle payment challenges, particularly in emerging markets. The duo also discusses the regulatory landscape and the exciting future of automating compliance in digital finance.

Kamran Choudhary, Technical Director for Anti-Financial Crime at BCB Group, discusses the dramatic shifts in risk management driven by technology in both traditional finance and DeFi. He highlights how AI and crypto reshape compliance practices and the regulatory landscape, including MiCA and stablecoins. The conversation addresses the pressing need for cybersecurity following crypto hacks and the evolving role of compliance officers as strategic assets. Kamran also explores the growing integration of on-chain and off-chain data to combat financial crime risks.