▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io
Anirudh Rastogi, Founder & Managing Partner at Ikigai Law is in a conversation with Mriganka Pattnaik, CEO at Merkle Science ( a pioneer in blockchain forensics and due diligence. The webinar explores how forensics and due diligence are being used for law enforcement and by exchanges, banks and funds for better AML/CFT compliance. Since Merkle Science works extensively with regulators, Mriganka also discusses how regulation is evolving globally.
Key aspects touched upon by the speakers are:
An overview of blockchain forensics and due diligence tools and the science behind them (2:36)
How crypto-regulations are evolving in various jurisdictions (10:50)
Typical time lines for an investigation (11:40)
Levels of automation in these tools and to what extent human intervention is necessary (12:32)
How banks are using due diligence tools and are banks comfortable servicing the crypto industry on account of such technologies? (14:30)
In what regions are banks taking a liberal approach to the crypto industry (19:52)
A discussion on crypto-focussed banks (21:40)
How do regulators work with Merkle Science (24:15)
Trends in regulatory approaches to the crypto-industry (25:22)
Timelines for implementation of regulatory/licensing frameworks across jurisdictions (28:40)
Trends in the African markets (30:05)
Trends in Estonia/Malta (31:26)
What is the future of blockchain forensics and due diligence (35:00)
How regulators are responding to the use of privacy coins (40:50)
How can regulators address risk of capital flight / cross-border transactions (46:50)
Predictions on regulation in India (49:44)
Regulatory environment in South East Asia (Malaysia and Singapore) (56:49)
Towards the end, Mriganka discusses why he decided to start Merkle Science and what other entrepreneurial opportunities does he see in the crypto-industry.
Speaker profiles:
Mriganka Pattnaik, CEO of Merkle Science, has worked across investment banking, technology and cryptocurrency across three continents. Prior to Merkle Science, Mriganka led business expansion for Luno, a Naspers backed crypto exchange across southeast Asia and Africa.
Anirudh Rastogi is the Managing Partner at Ikigai Law, named ‘Boutique Law firm of the Year’ 2019 & 2020 by Asian Legal Business for its boutique technology-focused practice. The firm represented crypto-exchanges before the Supreme Court of India in the recent verdict reversing the RBI ban, and has advised on the setup of several crypto-exchanges, ICOs and blockchain implementations.
We frequently write on topics covering blockchain technology and cryptocurrency. You may find the following articles of interest:
Fight for survival of cryptocurrencies in India: A summary of the arguments before the Supreme Court in the petition challenging the RBI ban on cryptocurrencies. (
Breaking down the Indian Supreme Court’s crypto-writ verdict: This is a short summary of the key-finding by the Supreme Court of India in the matter of IAMAI v. RBI, which quashed the RBI circular against Virtual Currencies. (
Blockchain governance: A primer: This is the first in a series of blog posts on blockchain governance. This blog explains what blockchain governance is and lays the groundwork for deeper study. (
Going crypto in Nigeria: Through regulatory models in other jurisdictions, including in Africa, this piece looks at the ways in which Nigeria’s central bank can mitigate the risks of cryptocurrencies while also nurturing the market it gives rise to. (
You can also read our other pieces on blockchain here. (
▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io
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