Public Key

Building Trust and Governance in the Crypto Industry Satoshi Nakamoto’s vision laid out in the Bitcoin Whitepaper was for an electronic payment system based on cryptographic proof instead of trust. In today’s episode, Ian Andrews, CMO at Chainalysis, speaks to Michael Patterson, Chief Compliance Officer of Genesis, to discuss if now is the time to introduce trust back into the crypto industry after a challenging 18 months. Michael makes the case for trust and strong governance in crypto and emphasizes why crypto businesses should leverage functions that have been successful in traditional finance like KYC, AML, and robust cybersecurity measures. He also highlights the challenges of balancing innovation with regulatory requirements, and the importance of striking the right balance between privacy and anonymity, while acknowledging the necessary growing pains the DeFi industry will go through in order to achieve greater resiliency and trust. Minute-by-minute episode breakdown (2:25) - Introduction of Michael Patterson and the discussion of the role of compliance officers (8:35) - Reflection on the challenges and opportunities in the crypto industry (13:45) - The need for trust and good governance in the crypto and blockchain industry (16:37) - Balancing privacy and KYC requirements in crypto  (19:12) - The implications of securities vs. commodities classification in crypto (24:02) - Comparing the standards applied to crypto and traditional finance  (27:05) - The potential for DeFi to attract institutional money and improve trust (29:05) - The future of trust in the crypto ecosystem Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Genesis Trading: Institutional Access. Global Scale. Reports :Quarterly Reports In-depth insights from Genesis on the state of institutional digital asset markets. Market Insights: Genesis Market Insights (sign up for crypto market analysis from the Genesis) Blog:  Crypto Crime Mid-year Update: Crime Down 65% Overall, But Ransomware Headed for Huge Year Thanks to Return of Big Game Hunting Report: The Chainalysis Crypto Myth Busting Report YouTube: Chainalysis YouTube page  Twitter: Chainalysis Twitter: BuildCareers at Chainalysising trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Telegram: Chainalysis on Telegram  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Michael Patterson (Chief Compliance Officer, Genesis) 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.     

Everything You Need To Know About the SEC vs. Ripple Lawsuit The SEC vs Ripple has been a landmark case for the crypto industry and recently the Judge presiding over the case ruled that Ripple did not violate securities law in selling its XRP token via public exchanges.  In this episode, Ian Andrews, brings on securities law and blockchain expert, Lewis Cohen, co-founder of DLX Law, who explains  this case is far from over and still has serious implications for the crypto industry.  Lewis provides a background on securities laws and how they may apply to cryptocurrency, ICOs and NFTs and how decentralization is not the sole determining factor in whether a token is a security or not.  He analyzes the judge's ruling in the Ripple case, highlighting the distinction between institutional sales, programmatic sales, and other distributions, while explaining the impact on exchanges and the ongoing litigation of other major crypto trading  platforms. Minute-by-minute episode breakdown (2:35) - Introduction and background of Lewis Cohen and explanation asset backed securities  (6:04) - The ICO boom and their similarity to traditional securities transactions  (10:25) - Explanation of securities laws and the Howey test (17:06) - Clarification on the relationship between decentralization and securities laws  (27:12) - Overview of the SEC's complaint against Ripple (33:02) - Analysis of Judge Torres' ruling on the Ripple case and explanation of institutional sales, programmatic sales and other distributions (36:05) - Impact of the ruling on exchanges and future lawsuits (41:37) - Explanation of the ongoing process and potential outcomes of the case Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: DLx Law: A new kind of law firm for a new kind of economy Publication: The Ineluctable Modality of Securities Law: Why Fungible Crypto Assets Are not Securities Lewis Cohen Twitter: Co-founder  @dlxlawllp . Living on reds, vitamin C and blockchain (but not animals 🌱) Video Series: Ripple Case Win Breakdown - Web3 Wednesdays - Ep. 21  Announcement: Deloitte and Chainalysis Announce Alliance to Provide Digital Asset Data and Analytics Solutions and Services Blog: How Did Crypto Markets React to Judge’s Ruling that Ripple Exchange Sales Did Not Violate Securities Law? YouTube: Chainalysis YouTube page  Twitter: Chainalysis Twitter: BuildCareers at Chainalysising trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Telegram: Chainalysis on Telegram  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Lewis Cohen (Co-Founder, DLx Law) 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. 

The Intersection of Blockchain, NFTs and Intellectual Property Law “Code is Law” is one of the big myths when it comes to IP Law and blockchain. In this episode, host Ian Andrews talks to Moish Peltz (Partner, Co-Chair of Emerging Technologies & Blockchain Practice Group, FRB Law) to demystify this myth and explain how the courts will apply copyright and IP laws to emerging technology like blockchain, NFTs and AI generated content. In the episode, Moish explains recent cases between luxury brands and NFT creators, and how those cases will impact the industry as regulatory, legal and tax requirements increasingly cause NFT marketplaces to phase out creator royalties.  Moish also touches on how the music industry still faces challenges that were first presented by file sharing sites like Napster, and highlights current and future legal cases that will shape the blockchain and NFT industry forever.  Minute-by-minute episode breakdown (2:35) - Moish discusses his early Bored Ape Yacht Club NFT purchase and the IP capabilities the BAYC community (6:35) - The concept of "code is law" and its limitations (9:45) - Is serving court documents via airdrop legal and are legislators and the courts adapting to blockchain in the legal system (11::37) - Overview of the Hermes trademark infringement case and its IP implications for the broader NFT industry  (21:12) - The legal challenges of AI-generated content and copyright ownership for content, music and Hollywood (31:02) - Challenges and unresolved issues in the NFT and Music industry  (37:05) - Future legal cases to watch in the blockchain and NFT industry Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Falcon, Rappaport & Berkman LLP: Emerging Technologies & Blockchain Practice Blog: WAGMI! At Last, a Legal Victory for Cryptocurrency | Ripple vs. SEC  Moish Twitter: Digital assets, web3 and IP law at @frblaw.. Collector of BAYC #8611  Bloomberg Article: MetaBirkin NFT Artist Appeals After Hermès Trademark Case Loss Article: The Bored Ape Yacht Club partners with round21 to launch a digital + physical series Announcement: FRB Law Digital Asset Recovery And Enforcement Practice  Blog: Bitfinex Hack Money Launderers Plead Guilty YouTube: Chainalysis YouTube page  Twitter: Chainalysis Twitter: BuildCareers at Chainalysising trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Telegram: Chainalysis on Telegram  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Moish Peltz (Partner, Co-Chair of Emerging Technologies & Blockchain Practice Group, FRB Law) 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. 

The Future of Investigations and Privacy on the Blockchain One of the biggest challenges in overseeing the evolving blockchain space is balancing privacy with blockchain investigations. In this episode, Ian Andrews sits down with blockchain investigations specialist and trainer, Rick Harmsen, Cryptocurrency and Blockchain Specialist & Trainer at DataExpert, to discuss the challenges faced by law enforcement in combating crypto and cybercrime. He details the recent trends that law enforcement have seen recently in investigative activity, including Pig Butchering, Chain-hopping and other obfuscation methods. Rick  touches on the importance of privacy in the crypto space and the development of decentralized finance (DeFi) platforms, decentralized mixers and the emergence of Privacy Pools. The discussion highlighted the importance of education and training in the crypto and blockchain industry and Rick explains why he doesn’t think the Metaverse is dead and how future generations will prioritize web3 ecosystems.  Minute-by-minute episode breakdown (2:45) - Rick’s career transition from law enforcement to cryptocurrency and blockchain investigations specialist and trainer at Data Experts (6:35) - Is Law Enforcement trained to fight sophisticated crypto and cyber attacks and nation state sponsored hackers? (9:45) - Why are more and more compliance professionals obtaining crypto compliance and blockchain investigations training?  (10::37) - The biggest trends in crypto and DeFi criminal activity from pig butchering to chain-hopping (16:54) -How do we secure privacy on the blockchain without facilitating criminal activity and complying to regulatory requirements? (23:02) - Digital Experience Nordic Conference and the growing trends discussed by cyber investigators and counter-fraud organizations  (26:50) - Why Rick thinks the Metaverse isn’t dead and will be at the forefront of web3 technology and gaming in the coming years Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: DataExpert: Digital Investigation & Cyber Security Solutions Training:: DataExpert Academy - Analytics | Cryptocurrency | Cybercrime | OSINT | Digital Forensics | Cyber Security | FEC  Event: :Digital Experience Nordic - Stockholm Sweden Report: The Chainalysis Guide to On-Chain User Segmentation for Crypto Exchanges Blog: How Did Crypto Markets React to Judge’s Ruling that Ripple Exchange Sales Did Not Violate Securities Law? Blog: Understanding Tornado Cash, Its Sanctions Implications, and Key Compliance Questions YouTube: Chainalysis YouTube page  Twitter: Chainalysis Twitter: BuildCareers at Chainalysising trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Telegram: Chainalysis on Telegram  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Rick Harmsen (Cryptocurrency and Blockchain Specialist & Trainer, DataExpert)  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.     

Everything you Need to Know About Blockchain-Based Payment Systems Napster evolved into Spotify, Skype evolved to Whatsapp Calls and Facetime, even speaking to a teller at a bank has evolved into the ATMs and internet banking, but the payment industry seemingly hasn’t progressed much in the last century and in our latest episode, host Ian Andrews sits down with Joey Garcia, Director and Head of Public Affairs, Policy, Regulatory Affairs at Xapo Bank, who explains why.  Joey shares his early days involved in digital asset regulation in Gibraltar and how Xapo Bank is bridging the gap between traditional banking and blockchain-based payment settlement systems. He shares the promise of stablecoins in the future of the digital asset landscape and how the defunct Facebook Libra / Diem project may have paved the way for thoughtful contributions to the EU’s MiCA Regulation.  He touches on grassroots adoption and use cases in Africa and LATAM and tries to shine a light on where DeFi will land when it comes to regulatory oversight. Minute-by-minute episode breakdown (2:25) - Joey Garcia’s crypto journey and discussion on the early days of cryptocurrency regulation in Gibraltar (5:15) - Evolution of technology and  Xapo Bank's role as a bridge between traditional banking and blockchain-based payment settlement systems (11:45) -Discussion of CBDC’s, USDC stablecoin, blockchain-based payments and everything in between  (14:37) - Explanation of fractional banking and how Xapo offers interest on crypto held in custody (17:45) - Understanding the business models of VASPs above and beyond just AML and Compliance  (22:45) -Is MiCA the GDPR of virtual asset regulations? (26:59) -Overview of the development of digital asset regulation in different regions and the impact the Libra project had on such regulations  (32:15) - One stablecoin to rule them all? (35:25) - What is the main factor behind grassroots crypto adoption in Africa and LATAM? (37:45) - Where does DeFi fit into the future of digital assets and blockchain technology?  Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Xapo Bank: The Digital Bank For A Global Village Podcast: Xapo Bank: Mavericks Podcast Announcement: Xapo Bank is the First Bank to Fully Integrate With USDC Blog: Maximizing Your Wealth: 3 Things to Know About Xapo Bank's 4.1% Interest* Rate on USD Podcast: Crypto Pod: The Graveyard of Crypto Exchanges Blog: Multichain Protocol Experiences Mysterious Withdrawals, Suggesting Multi-Million Dollar Hack or Rug Pull Blog: Crypto Crime Mid-year Update: Crime Down 65% Overall, But Ransomware Headed for Huge Year Thanks to Return of Big Game Hunting YouTube: Chainalysis YouTube page  Twitter: Chainalysis Twitter: Building trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Telegram: Chainalysis on Telegram Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Joey Garcia (Director and Head of Public Affairs, Policy, Regulatory Affairs, Xapo Bank) 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.  

Exploring the Complexities of Crypto Taxes and Accounting Crypto and digital asset taxation and accounting still seems to leave many crypto goer’s and institutions looking to hold crypto on their balance sheets, with sleepless nights. In this episode, Ian Andrews sits down with experts, Ann Jaskiw (VP of Engineering) and Austin Woodward (Co-Founder and Executive Chairman), from leading crypto taxation and accounting software providers, TaxBit to discuss the complex problem of crypto taxes.  They explain the challenges of tracking and reporting crypto transactions, the distinction between tax and accounting and explore the concept of cryptocurrency as property, while leaving room for the potential of stablecoins being  treated as currency.  They highlight the importance of cost basis interchange and lend their insights into the future of tokenization and the exciting developments with regulatory guidelines in the USA and around the world. Minute-by-minute episode breakdown (2:35) - Austin's journey to solve expensive transaction fees problem which led the founding of TaxBit (4:35) -Ann’s journey from thinking the Bitcoin whitepaper was impractical and Ethereum was difficult to build on into transitioning into crypto during the pandemic  (7:45) - Why Tax and Accounting are not the same and how TaxBit was able to specialize in crypto assets  (10::37) - The complexities of tax rules and regulations of web2 brands looking to enter into web3 (20:54) -The potential designation of crypto as currency or property (27:45) - Where NFTs and real world asset tokenization fits into the cryptocurrency and digital asset ecosystem  (34:59) - The biggest challenges for companies that want to hold crypto and digital assets on their balance sheet and how TaxBit solves for these hurdles (39:15) - The cost basis interchange and the future of the TaxBit Network  Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: TaxBit helps you deliver the future of financial services, confidently Report: The Chainalysis Guide to On-Chain User Segmentation for Crypto Exchanges Blog: The Chainalysis Guide to On-Chain User Segmentation for Crypto Exchanges Report Preview Blog: Operationalize Your Crypto Accounting Blog:Tax Compliance for the Digital rEconomy Announcement: TaxBit CEO Austin Woodward Steps Down, COO Lindsey Argalas Tapped As Successor Life at Chainalysis:Employee Stories: Henry Fletcher, Enterprise Account Executive Website: Careers at Chainalysis YouTube: Chainalysis YouTube page  Twitter: Chainalysis Twitter: Building trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Telegram: Chainalysis on Telegram  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Ann Jaskiw (VP of Engineering, TaxBit)  Austin Woodward (Co-Founder and Executive Chairman, TaxBit) 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.       

Unleashing the Power of Real-time Crypto Data for Developers With blockchain data becoming the apex of most decentralized and centralized protocols and platforms, the Chainalysis team is extremely excited to invite to the podcast and the company,  Alexander Langshur,  Michael Calvey, and Harry Mellsop of Transpose.  The panel discusses the importance and the drawbacks of vast amounts of blockchain data and how Transpose was able to make these massive data sets usable for developers in the web3 ecosystem.  The team describes use cases of their on-chain data collection for tax, compliance and crypto investigations purposes and highlights the emerging trends that they are seeing in their real-time crypto data.  The Transpose team walks through the journey of building a company amidst a downturn in the market and the decision to join Chainalysis to accelerate the scalability of their data. Minute-by-minute episode breakdown (2:25) - The founding team shares their experience in A.I., derivative financial products and self-driving cars and how Transpose was created (10:52) -Discussion on the importance of blockchain data infrastructure and how Transpose provides a solution for the crypto industry (18:45) - Solving the scalability challenge and how Transpose captures realtime blockchain data with the wide variety of blockchains (22:37) - The flexibility of utilizing on-chain data for tax, compliance and other crypto investigations use cases  (25:45) - Emerging trends in data including stablecoins finding product market fit and NFT and ENS Domain usage  (29:45) - The evolution of making blockchain data easier to read and what sets Transpose apart from other blockchain data dashboards (32:59) - Focusing on improving the UX of crypto for developers vs. customers (36:15) - The difficulties of building a company during crypto winter and the importance of perseverance as blockchain data founders (40:15)- The decision to being acquired by Chainalysis vs. continuing building the company as a stand-alone business Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Transpose: Real-time crypto data. Reliable data infrastructure for companies and developers at any scale Report: The Chainalysis Guide to On-Chain User Segmentation for Crypto Exchanges Blog: The Chainalysis Guide to On-Chain User Segmentation for Crypto Exchanges Report Preview Chainalysis In Action: Israeli Authorities Disrupt Hezbollah and Iran Quds Force Terrorism Financing Crypto Infrastructure, Seize $1.7 Million Announcement: Unveiling Indexed On-Chain Lending Data in Transpose Blog: How Transpose is different to Dune Announcement: Welcoming Transpose to Chainalysis YouTube: Chainalysis YouTube page  Twitter: Chainalysis Twitter: Building trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Telegram: Chainalysis on Telegram  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Alexander Langshur (Co-Founder & CEO, Transpose) Michael Calvey (Co-Founder & COO, Transpose) Harry Mellsop (Chief Technology Officer, Transpose) 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.   

Everything You Need to Know About Staking and Crypto Regulations in Canada With the crypto regulatory climate heating up in the US, Ian Andrews sits down with Dean Skurka (President & Interim CEO, WonderFi), Lorien Gabel (Co-Founder & CEO, Figment) and Jennie Levin (Chief Regulatory Officer, Figment) to discuss Canada’s innovative approach to crypto regulation and staking.  The panel explains what staking as a service (SaaS) is and demystifies the difference between yield and rewards and how this discrepancy impacts custodians, token holders and the risk for regulators around the world. The conversation jumps into the differences between the Canadian and USA regulatory crypto landscape and approach to staking and shares the journey of both WonderFi and Figment and how they lead with compliance before regulations in Canada had been implemented.  Minute-by-minute episode breakdown (2:25) - Canada leading innovation with adopting crypto and formulating regulatory guardrails for ecosystem  (5:52) - Why staking became the foundation of Figment and the company’s focus on infrastructure and backend services for crypto ecosystem (8:45) - Discussion on the regulatory environment in Canada for crypto and blockchain service providers  (13:08) - WonderFi and Figment focusing on providing Canadians with compliant and safe access to digital assets (18:45) - The differences between the Canadian and USA regulatory crypto landscape  (22:42) - Figment's role in providing staking infrastructure and a breakdown between proof of work and proof of stake (27:05) - WonderFi's focus on counterparty risk mitigation and offering staking services to clients as a compelling product (33:15) - The misconception in the USA about staking as a service and educating legislatures about the actual risks of staking  (39:15)- Liquid staking and its capital efficiency depending on the type of holder (43:35) - Figment app and making staking accessible to the masses while complying with regulations (46:25) - WonderFi's focus on expanding internationally and partnering with trusted staking as a service provider or custodian Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Figment - Digital Asset Staking Built for Institutions Website: WonderFi - A Modern Wealth Generation Company Research: Protocol Staking is Not An Investment Product and Rewards Are Not “Yield” (and why this matters) Video: What is Staking? How to Secure Networks and Earn Rewards Staking Digital Assets Press Release: Bitbuy Private Wealth Launches Crypto Staking Service for Individual, Corporate, and Institutional Clients Blog: Cryptocurrency Mining Pools and Money Laundering: Two Real World Examples Article: Staking is the Foundation of Web3 YouTube: Chainalysis YouTube page  Twitter: Chainalysis Twitter: Building trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Telegram: Chainalysis on Telegram  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Dean Skurka (President & Interim CEO, WonderFi) Lorien Gabel (Co-Founder & CEO, Figment) Jennie Levin (Chief Regulatory Officer, Figment)  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.   

Exploring Web3 Gaming and DeFi Solutions in APAC Built on Tezos Our APAC focused episodes continue as Ian Andrews discusses the factors impacting the massive grassroots adoption of crypto and DeFi in Asia with Jivan Tulsiani (Head of Marketing, TZ APAC). Jivan talks about the popularity of Tezos’ layer one proof of stake blockchain in the APAC region and how artists, developers and founders are attracted to the  affordable and community-driven entry point for all creators and the ability to leverage Tezos’ self-amending mechanism. Jivan talks about the big brand partnerships including Manchester United CF and Mclaren and describes Tezos’ incubator focus on gaming, DeFi solutions and the NFT ecosystem, while highlighting how to optimize their blockchain to reach the million transaction per second goal.   Minute-by-minute episode breakdown (2:35) - Pioneering a Layer 1, Proof of Stake Blockchain and affordable grassroot entry point into blockchain (5:02) - Jivan's background and how he went from the military to edtech then into world of crypto and ultimately working at Tezos. (8:45) - Tezos' self-amending feature and how this type of governance works in practice. (11:08) - APAC region's high level of grassroots crypto adoption and driving factors (14:45) - Manchester United CF, Mclaren and other big brands entering web3 and crypto through Tezos blockchain (16:12) - Tezos' focus on NFTs, gaming and DeFi solutions and unique use cases in Asia. (17:05) - Mumbai upgrade and the focus on a million transactions per second, enabling global payment processing networks on-chain (19:15) - Exciting startups and projects that are emerging out of the APAC region (21:25) Tezos' incubator program and its benefits for blockchain entrepreneurs and crypto  investors Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: TZ APAC: A web3 ecosystem builder empowering founders, creators and developers Announcement: The Web3 industry’s first ever report investigating the impact of incubators in Asia Article: TZ APAC and DSH Manila: Empowering Filipino Artists Together Announcement: TZ APAC Tezos Incubator Demo Day - 5 JULY 2023, 5-9PM (Singapore) Chainalysis On-Demand: Chainalysis Links Amsterdam 2023 On-Demand LinkedIn Post: Asian Pacific American Heritage Month (APAHM) YouTube: Chainalysis YouTube page  Twitter: Chainalysis Twitter: Building trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Telegram: Chainalysis on Telegram Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Jivan Tulsiani (Head of Marketing, TZ APAC) 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. 

Malaysia's Crypto Regulations and Role of Third Party Custodians for Consumer Protection Our APAC focused episodes continue as Ian Andrews ventures into discussions about Malaysia with the CEO of MX Global, Fadzli Shah and discovers why Malaysia is one of the strictest crypto regulatory environments in Asia.  Fadzli describes the Malaysian Crypto Regulations compared to other jurisdictions in the APAC region and substantiates the clarity in legislation as cryptocurrency is deemed as a security and the burden and onus of regulation and compliance are on the cryptocurrency exchanges. The conversation covers the importance of the mandatory third party custodianship and how that has helped with consumer protection and segregation of funds. He also describes the rate of institutional adoption and the best use cases to come out of the emerging Malaysian blockchain ecosystem. Minute-by-minute episode breakdown (2:35) - Fadzli early foray into crypto and the challenges of getting the required licenses for MX Global in Malaysia  (5:58) - Does Malaysia have one of the more stricter crypto regulations in Asia? (8:45) - Is Bitcoin and Ethereum and other crypto considered securities in Malaysia? (12:38) - In Malaysia the regulators regulate the operators not the public when it comes to crypto (15:45) - Thoughts on CBDCs and the evolution of digital payment transactions in Malaysia  (19:34) - The crypto demographic in Malaysia and the most common and unique use cases (23:05) - Understanding the institutional adoption of crypto in Malaysia and what it means to hold crypto on the books (26:15) - Is Singapore still trying to be a crypto friendly jurisdiction? (29:25) The future of digital assets may be real world utility for NFTs and other blockchain technology  Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: MX Global: The safest and easiest way to buy and sell digital currencies such as Bitcoin & Ethereum.in Malaysia Chainalysis LinkedIn: Key House Republicans Unveil Crypto Market Structure Draft Bill Blog: ComplyAdvantage - Malaysia Cryptocurrency Regulation - Is it Legal? Article: MX Global secures capital injections from Binance and Cuscapi to fund growth plans Article: Institutional adoptions of cryptocurrency still slow, says MX Global Announcement: Cybersecurity Malaysia, MX Global sign MoU Chainalysis On-Demand: Chainalysis Links Amsterdam 2023 On-Demand YouTube: Chainalysis YouTube page  Twitter: Chainalysis Twitter: Building trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Fadzli Shah  (Chief Executive Officer, MX Global) 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.