167 - How to Offer Crypto Staking

Crypto staking has been in the spotlight recently, and as a result, it is undergoing a transformation. In this episode, we are going to cover what staking is, how it works, why regulators are concerned about it, and the key elements you need to keep in mind if you are going to offer it. I also explore Kraken as a case study of how staking can go wrong. If you found value in this episode, I would really appreciate it if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select "Ratings and Reviews" and "Write a Review" and tell me what your favorite part of the podcast is. Today's episode: [00:40] An overview of what I will cover in today's episode. [01:28] Why crypto staking has been receiving a lot of attention recently. [02:22] Available guidelines related to crypto staking. [03:35] The definition of crypto staking. [04:11] Blockchains that offer staking. [04:57] How staking works and what the benefits are. [06:43] The lock-up period that staking requires. [07:53] How staking-as-a-service works and why regulators have imposed parameters on it. [10:39] Regulators' main concerns regarding staking. [13:30] Where to access my free detailed guide to launching compliant crypto staking. [14:37] How staking can go wrong: the Kraken case study. [20:41] FINMA's approach to staking. Show links: Access Your Free Guide to Launching Compliant Crypto Staking here! Interested in FinTech compliance? - consider investing in the FinTech Compliance Self-Starter Package! I would love to invite you to sign up for my newsletter. If you are interested, please click here. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit eavesdroplive.substack.com