May 6, 2021 - Dan Burstein, general counsel and chief compliance officer at Paxos Trust Company, joined Julie Myers Wood for a discussion on the increasing openness of banking regulators to allow traditional financial institutions to offer cryptocurrency payment services. Dan and Julie talk more about this upward trend, OCC guidelines, outsourcing the crypto function versus bringing it in-house, as well as the growth of Paxos, a New York-based financial technology company specializing in blockchain.
Don’t miss Part 2 of the discussion. Dan and Julie provide insight into regulatory trends as traditional financial institutions move into the digital asset space, the associated compliance issues, blockchain monitoring, addressing the travel rule, and increased enforcement actions.