Remy Blaire is joined by Liat Shetret, the Vice President of Global Policy and Regulation from Elliptic at Money20/20 USA in Las Vegas. They delve into the key findings of this year’s typologies report, which highlights how criminals are innovating their methods, particularly focusing on the rise of “pig butchering” scams. Liat emphasizes the importance of understanding the intersection of traditional finance and digital assets, noting that while current on-chain analytics provide robust risk management, financial institutions must adapt their tech stacks to effectively integrate these new digital assets.
They also discuss the challenges posed by the borderless nature of digital assets and the varying pace of regulatory responses across different jurisdictions. Liat points out that while some regulators are proactive, others lag behind, creating a landscape ripe for regulatory arbitrage.
Finally, the duo touches on the current U.S. government shutdown and its impact on regulatory progress. Liat suggests that this period could serve as an opportunity for banks and financial institutions to enhance their understanding of compliance obligations and prepare for upcoming innovations in the digital asset space.