AML/Sanctions Compliance Expert for Blockchain and Crypto. Helping integrate the Legacy world into the Blockchain. $RUNE. My tweets are #NotLegalAdvice
@mehowbrainz@BrokkrFinance Until now, Crypto projects have done “license shopping,” looking for less strict regulations.
FTX collapse will rush a global regulation based on FATF VASP Guidelines
According to this, DeFi or not, you’re responsible for what you allow your users to do on your platform
@mehowbrainz@georgezgeorgez Receiving unwanted wires is, in fact, one of the oldest forms of Money Laundering: Money gets transferred "by mistake," and you get asked to return it. However, the address provided to return it is different from the one they sent it from, thus formally changing the fund's origin
@mehowbrainz@georgezgeorgez According to the FATF Updated Guidance, a DApp could fall within the limits of a regulated activity. Whether it needs a license or not, it has legal obligations from the moment of its development. See pictures:
If I make a physical coin about a project, it means that its community deserves to have a physical memory as the early builders of something big.
Next series will be @Zenon_Network
The designer @Axinmara has been briefed on the project. Should come together fast :)
The biggest ad networks offering the most granular audience targeting require interfaces to be licensed.
We're building organizational pillars to access mass audiences alongside @SKALDcamp and @LegalMask
The @LegalMask team was included in the @SKALDcamp proposal as well. He plans to support us with guidelines for finance-related communications, and much more.
Round #2 call next week with @ninerealms_cap to cover:
- Path to compliance plans alongside @LegalMask
- Path to @SKALDcamp'aign metric discovery with @attribute_me
- Support of a BSC Bifröst
Let's get a fully AML compliant interface in the @THORChain ecosystem 🟩