The FTX effect on fintech: Building trust and strong governance in the crypto industry

In light of Sam Bankman Fried's recent 25-year prison sentence and the FTX collapse, what are the deeper implications on the crypto industry as we move into a new era of digital asset adoption? In this week's episode, we discuss the erosion of trust, the need for strong governance and risk management controls, and the responsibility of individuals in understanding the risks involved when participating in or operating a business in the crypto space. Join Jessica Cath, Head of Financial Crime for the UK's Thistle Initiatives, and Mardi MacGregor, partner at Fox Williams LLP, as they highlight the high barriers for entry in the UK crypto market and the importance of ongoing compliance and scaling controls as businesses grow. They also discuss the evolving regulatory landscape and regulatory compliance, how the UK might follow the EU in the future of crypto regulations, AML registration, and the need for balanced regulation to protect consumers while fostering innovation.