Michael Pearl interviews Nick Wright, the Chief Legal Officer at VALR, South Africa's largest crypto exchange.
They discuss Nick's unique journey from marine biology to the world of crypto law, the regulatory landscape in South Africa, and the challenges of compliance in the rapidly evolving crypto market.
Nick shares insights into VALR's operations, user base, and the importance of anti-money laundering practices. The conversation also delves into fraud prevention strategies, the impact of mixers on transactions, and VALR's plans for global expansion.
(03:37) Nick's Journey to VALR
(06:28) Overview of VALR and South Africa's Crypto Landscape
(09:47) Regulatory Framework for Crypto in South Africa
(12:33) AML Practices and Monitoring Tools at VALR
(15:43) Understanding Mixers and Their Risks
(18:39) Scams and Fraud in the Crypto Space
(21:41) Identifying and Preventing Fraud on VALR
(24:45) Post-Hack Security Measures at VALR
(27:49) VALR's Global Expansion Plans
Download Cyvers's Pig Butchering report.
The Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like Ledger, BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.
Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.
Learn more at: Cyvers.ai