BitGo on Why the Travel Rule Should Not Apply to Digital Assets - Ep.266

BitGo on Why the Travel Rule Should Not Apply to Digital Assets - Ep.266

Unchained

BitGo CEO Mike Belshe and COO Jeff Horowitz talk about one of the hottest topics facing the crypto industry today: regulation. They discuss...

  • what BitGo does
  • why Jeff left his successful TradFi career to go crypto
  • how crypto compliance and custody differs from the traditional finance world
  • the state of crypto education amongst regulators
  • why Jeff and Mike think the infrastructure bill is a win for the crypto industry
  • what FinCEN is doing to regulate crypto
  • why they think the infrastructure bill’s goal of raising billions in crypto taxes could only bring in millions
  • what FATF guidance regarding VASPs requires of crypto companies
  • why the travel rule could lead to US customer data being shared overseas
  • how digital assets change the implications of the travel rule
  • how regulators are attempting to deal with DeFi
  • what the FATF guidance means for FATF countries, like the US
  • why DeFi is not ready for strict regulations
  • Jeff’s views on Brian Brooks’s departure from BinanceUS
  • the Galaxy Digital acquisition of BitGo
  • what security issues a trillion-dollar wallet presents
  • why BitGo refused to put a “freeze” function in its WBTC contract
  • why Tesla and MicroStrategy purchased BTC and why other companies have been slow to follow suit
  • whether BitGo will offer NFT solutions going forward

 

Thank you to our sponsors!

 

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Episode links

 

Mike Belshe -- CEO BitGo

Jeff Horowitz -- CCO BitGo

 

BitGo

 

Infrastructure bill and its implications for crypto

 

FATF and the travel rule


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Unchained • BitGo on Why the Travel Rule Should Not Apply to Digital Assets - Ep.266 • Listen on Fountain