Michael Pearl interviews Elise Soucie Watts, the Executive Director at Global Digital Finance.
They discuss the evolving landscape of security, fraud, and compliance in the Web3 space, emphasizing the importance of a compliance-first approach for crypto firms.
Elise shares insights from her background in counterterrorism and her work at the FCA, highlighting the need for regulatory frameworks that protect consumers while allowing for innovation.
The conversation also touches on the challenges of fraud prevention, particularly in relation to pig butchering scams, and the role of regulators in ensuring cyber resilience within the industry.
(00:30) Elise's Background
(03:32) Understanding Global Digital Finance (GDF) and Its Role
(06:35) The Importance of Compliance in the Crypto Industry
(09:03) Navigating Regulatory Challenges in Transaction Monitoring
(12:22) Addressing Fraud: The Case of Pig Butchering
(18:03) Consumer Protection and Regulatory Frameworks
(23:38) Insights from Elise's Time at the FCA
(29:31) Cyber Resilience and Regulatory Expectations
(34:19) Conclusion and Future Directions for GDF
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