The Fenergo FinTalks podcast is where we connect our listeners to the latest in RegTech, compliance, and anti-money laundering (AML) activity.
In this episode, we’re talking about the future of compliance and crypto in light of increasing regulation, the power of digital gold, and what it means to be a crypto anarchist in 2023.
We’re joined by special guest Pasi Matilainen, Interim CEO of Coinmotion. Coinmotion is one of Europe's longest-running cryptocurrency brokers, whose operations are overseen by the FIN-FSA regulatory body.
Pasi discusses his role, his background in Austrian economics, and the path he took to becoming the CEO of Coinmotion. Pasi explains how Coinmotion has evolved from offering physical coins that acted as hardware wallets, to online systems.
Pasi delves into why he believes Bitcoin is forever as, unlike gold, its strong enforced code cannot be counterfeited. He highlights that gold has multiple pitfalls, including its unpredictable supply, the measures taken in keeping it safe and dividing it out, and the weaknesses of paper or fraudulent gold.
Following on from this, Pasi and our host, Dhanum Nursigadoo, take a look at incoming regulations and the crypto firm’s reaction, tackling areas such as:
- Are regulators taking too close of a look at crypto firms? What will this mean for the industry?
- How important is it for companies like Coinmotion to work closely with regulators?
- How crypto firms navigate losing their chaotic freedom when it comes to complying with Know Your Customer (KYC) and AML checks
The pair also discuss the idea of blockchain being the future of finance, as it is an equal playing field for customers, as everyone is playing by the same rules and has the same rights in the system, no matter their ethnicity, race, or cultural background.
“Bitcoin is already a better option for the future of money than gold ever was. It’s essentially digital gold, yes, but better.” - Pasi Matilainen, Interim CEO of Coinmotion
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