Money20/20 Amsterdam. Discussing Regtech & Crypto with Jonathan Camilleri Browman

TL;DR

Jonathan Camilleri Bauman, CEO of Securitants, discusses the importance of RegTech solutions in the crypto and blockchain world.

Transcript

the second day at money 2020 and this is a mediterranean meeting here from the greek islands and malta i have the pleasure to chat today with jonathan camilleri bauman who is the ceo and founder of securitants and has been the cto and is still involved with open page for a couple of years welcome uh jonathan it's a pleasure to to chat with you we'v... Read More

Key Insights

• 🤑 Money 2020 event highlighted the significance of CBDCs, DeFi, and stablecoins in shaping the future of money.
• ❓ Both traditional finance and crypto industry require compliance measures for transaction monitoring and fraud prevention.
• 🖐️ RegTech solutions play a crucial role in bridging the gap between traditional and blockchain businesses.
• 🌍 Technologically, tracing wallet addresses in the crypto world is easier, but privacy concerns exist.
• ❓ RegTech solutions are relevant in the decentralized finance sector, though identifying individuals can be challenging.

Questions & Answers

Q: How do RegTech solutions differ in the crypto world compared to traditional finance?

RegTech solutions in the crypto world involve similar compliance processes, such as onboarding checks and transaction monitoring. However, there are some unique parameters in the crypto space, such as checking for involvement in scams or terrorist funding.

Q: Is it easier to trace wallet addresses in the crypto world compared to regular bank accounts?

Technologically, it is easier to trace wallet addresses because blockchain transactions are transparent. However, privacy concerns and the use of mixers can make it challenging to directly tie a wallet address to a specific person.

Q: Are RegTech solutions applicable to decentralized finance (DeFi) platforms?

RegTech solutions can trace transactions and smart contract involvement in DeFi platforms. However, tying these activities back to specific individuals can be challenging due to the ability to create blockchain addresses on the fly.

Q: Is there a growing interest in RegTech solutions to bridge the traditional finance and crypto worlds?

Yes, there is a growing interest in RegTech solutions as more people get involved in crypto. Research, education, and solutions are crucial for transparency and traceability in the crypto space.

Summary & Key Takeaways

• Money 2020 event focused on the future of money and the interest in CBDCs, DeFi, and stablecoins.

• All financial systems, including traditional and crypto, require compliance, transaction monitoring, and fraud prevention.

• RegTech solutions bridge the gap between traditional and blockchain businesses, offering similar compliance measures.