Marketing Communications Specialist | Web3 | Crypto Compliance and Regulations | SEO | SaaS and B2B
I got my 👀 on you. 📍 U.S. Securities and Exchange Commission accusing Kraken of illegally operating unregistered securities exchange functions is the #regulatory spotlight reckoning crypto this week. ➡ In our latest blog, we decode must-know lessons for enterprises embracing digital assets. We unpack 1️⃣ Allegations spanning years of non-transparent operations, 2️⃣ Deficient #assethandling controls that commingled funds, 3️⃣ Conflicts of interest, and 4️⃣ Disclosure gaps around a lucrative #staking program. ➡ As crypto integrates with #finance, regulatory standards will only tighten across the stack ➡ Whether within crypto native enterprises or traditional institutions eyeing #digitalasset exposure, this spotlight necessitates re-evaluating foundational regulatory, #compliance and #governance practices. ➡ The regulatory roadmap cannot be paved without the participation of both public/private stakeholders. The dialogue around the importance of a structured #regulatoryframework will be essential for #cryptoeconomy to thrive and put more public trust into the ecosystem. ➡ Read the blog here: https://lnkd.in/d2rn52se Merkle Science
💡 Navigating the Regulatory Reckoning - The Takeaways from SEC vs Kraken ➡️The high-stakes charges filed this week alleging Kraken Digital Asset Exchange, exchanged digital assets illegally spotlight open questions around crypto oversight. ➡️Blockchain analytics firms, working closely with both regulators and crypto businesses, acknowledge the dire need for improved risk management and governance practices to protect consumers and ensure market stability. While regulators are taking an enforcement-first approach, they also need to to provide clear, specific guidance on the implementation of regulations in collaboration with industry stakeholders. ➡️Considering how deeply embedded crypto is becoming in the financial ecosystem, crypto enterprises should urgently adopt advanced measures in custody, transparency, and auditability, exceeding basic standards to bolster public trust and ensure continued adoption ➡️ Our latest blog analysis examines the accusations and unpacks key learnings for enterprises embracing blockchain innovation. Read the blog here: https://lnkd.in/d_3JyQC3 Mriganka Pattnaik Nirmal AK Ian Lee, CBC Tom Luo AMBCS (羅雲驄) Sanika Gavankar Susrita Sen Vidushi Tiwari #sec #kraken #blockchainnews #compliance #cryptoregulation
