Public Key Chainalysis

“I think what's interesting is there is a lot of regulation in the US. It's just not cohesive and specific to this space except for places like New York and soon to be California, Louisiana.” - Thom Hook 
In this episode, Ian Andrews (CMO, Chainalysis) guest Thom Hook (Global Chief Compliance Officer and U.S. Chief Compliance Officer, MoonPay) summed up in one sentence what the crypto regulatory framework is like in the USA and how its impacting crypto businesses and innovation as a whole. Thom goes on to discuss his experience working at Circle during the early days of crypto and the challenges of building a compliance program in a rapidly evolving industry.He provides insights into MoonPay's unique business model, which focuses on retail on and off-ramp services for cryptocurrencies and NFTs and their role as a noncustodial platform. He  also touches on topics such as banking relationships, regulatory frameworks, pig butchering and other scams in the industry and the new demand for crypto lawyers in the face of increasing regulatory pressure.
 
Minute-by-minute episode breakdown
2 | Thom’s story of building compliance programs from Joining Circle in 2014, transitioning to Bitstamp to landing at MoonPay
4 | MoonPay’s business model of not being a crypto exchange and making it easier for innovation to have payment rails 
7 | Importance of compliance and transaction monitoring in obtaining and maintaining  banking relationships
12 |Differences in regulations between the US and other countries 
15 | Importance of reputation and risk assessment for partner selection and key
17 | Key takeaways from the conference panel discussion with other compliance experts 
19 | Using education to combat pig butchering scams and the impact of sanctions 
22 | Teaching a class on crypto regulation and its focus on regulations that have the most impact
25 | Prediction of increased demand for crypto lawyers due to regulatory pressure and excitement for innovation and growth in the crypto industry in 2024
Related resources
Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.
Website: MoonPay: Your gateway to Web3 - Experience the best of Web3 using MoonPay
Blog: We’re live in Louisiana! MoonPay is back in business in the Bayou State
Article: Crypto lawyers to be in demand as regulatory pressure reaches boiling point
Blog:  Crypto On-Ramp: Boost your revenue with the world's #1 crypto on-ramp
Registration: Digital premiere of Links 2024 (NYC Main Stage Content and more - Register Now!)
Blog: Crypto Staking Overview: How It Works, Benefits, Risks, and Future
YouTube: Chainalysis YouTube page
Twitter: Chainalysis Twitter: Building trust in blockchain
Tik Tok: Building trust in #blockchains among people, businesses, and governments.
Telegram: Chainalysis on Telegram 
Speakers on today’s episode
Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) 
Thom Hook (Global Chief Compliance Officer and U.S. Chief Compliance Officer, MoonPay)
This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein.
Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material.
Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any cla

From the Bitlicense to OFAC Sanctions, Ian Andrews (CMO, Chainalysis) and guest Valerie-Leila Jaber (Global Head of Anti-Money Laundering, Coinbase) cover it all on this episode of Public Key. Valerie-Leila highlights the importance of compliance in the crypto industry and the impact of regulations, such as the Patriot Act, when it first came out and how they parallel the current regulatory landscape in crypto. 
She provides insights into Coinbase's focus on setting global minimum standards and their involvement in initiatives like TRUST for Travel Rule compliance, BASE their layer 2 blockchain and their new wallet releases. Valerie also touches on the topics of sanctions, Coinbase's noncustodial wallet, and the company's role as custodian in the Bitcoin spot ETFs.
Minute-by-minute episode breakdown
2 | Valerie's interest in crypto and experience in traditional finance 
4 | Technology shifts and challenges in implementing AML regulations
7 | The variation in Crypto AML regulations across different countries
9 | Coinbase's involvement in the TRUST initiative and BASE, its Layer 2 blockchain  
12 | The usefulness of receiving crypto addresses from OFAC for compliance purposes 
15 | Discussion on the Coinbase Wallet and its position within the AML department  
18 | The challenges and benefits of multiple state-level regulatory frameworks for crypto
20 | The role of Coinbase's compliance program in being selected as a custodian for many  ETFs 
22 | Excitement for the year ahead in terms of legislation, market buoyancy, and international developments
 
Related resources
Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.
Website: Coinbase is the safest place to buy, sell, and manage crypto.
Blog: Coinbase obtains registration as a Restricted Dealer in Canada
Blog: Evolving wallets to bring a billion users onchain
Blog:  Momentous approvals: spot ETFs to usher in bitcoin’s next chapter and diversified long-term growth
Registration: Digital premiere of Links 2024 (NYC Main Stage Content and more - Register Now!)
Blog: OFAC and Department of State Sanction Nearly 300 Individuals and Entities Involved in Russia’s War Machine, One Known to Have Accepted Crypto
YouTube: Chainalysis YouTube page
Twitter: Chainalysis Twitter: Building trust in blockchain
Tik Tok: Building trust in #blockchains among people, businesses, and governments.
Telegram: Chainalysis on Telegram
Speakers on today’s episode
Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) 
Valerie-Leila Jaber (Global Head of Anti-Money Laundering, Coinbase)
This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein.
Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material.
Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material. 
Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chai

“They want to destroy as many of our systems and resources as they can get the access to." - Yevhenii
In this episode Ian Andrews (CMO, Chainalysis) speaks to Yevhenii Panchenko (Head of Operational Analysis, Ukraine Cyberpolice Department. Yevhenii discusses the global fight against Russian cyber actors, who target not only Ukraine but also other countries and shares the work his organization is doing to combat cyber threats, including investigating crimes related to fraud, ransomware, and illegal content.
He shares the challenges they face in stopping Russian organizations and the importance of international collaboration and volunteers in identifying fraud and scam projects.Yevhenii also announces their new project, SCAMFARI and how they use OSINT to identify crypto fraud and collect data and the impressive features of the DIIA City and the implementation of digital documents in Ukraine. 
Minute-by-minute episode breakdown
2 | Discussion on the Ukraine Cyber Police mandate and global nature of cyber threats 
5 | Describing Russian cyber attacks on Ukrainian infrastructure 
8 | A day in the life of the Ukraine Cyber Police Unit
10 | Russian hackers using cryptocurrency to receive ransoms and evade sanctions 
12 | Collaboration with US and  EU agencies and training on using Chainalysis 
15 | Discussion on the effectiveness of sanctions on crypto flows 
18 | What is Scamfari and how they use OSINT to identify crypto fraud and collect data
21 | Impressive features of the DIIA City and the implementation of digital documents 
23 | Recommendations for supporting Ukraine, including cryptocurrency investigation skills 
Related resources
Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.
Website: Cyber Police of Ukraine is a law enforcement agency within the Ministry of Internal Affairs of Ukraine dedicated to combating cyber crime.
Blog: Summary of Yevhenii Panchenko speech at Chainalysis Links Conference (NYC 2024)
Article: Ukraine's cyber police talks crypto, ransomware and documenting war crimes after Russia's invasion
Blog: SCAMFARI: This Ukrainian Startup Is Looking to Automate Crypto Crime Reporting Using Smart Contracts, AI
Registration: Digital premiere of Links 2024 (NYC Main Stage Content and more - Register Now!)
Blog: Crypto Staking Overview: How It Works, Benefits, Risks, and Future
Blog - OFAC and Department of State Sanction Nearly 300 Individuals and Entities Involved in Russia’s War Machine, One Known to Have Accepted Crypto
YouTube: Chainalysis YouTube page
Twitter: Chainalysis Twitter: Building trust in blockchain
Tik Tok: Building trust in #blockchains among people, businesses, and governments.
Telegram: Chainalysis on Telegram 
Speakers on today’s episode
Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) 
Yevhenii Panchenko (Head of Operational Analysis, Cyberpolice Department, National Police of Ukraine)
This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein.
Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material.
Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material

"Compliance always needs to be improving.” - Noah 
In this episode Ian Andrews (CMO, Chainalysis) speaks to Noah Perlman (Chief Compliance Officer, Binance), whose exchange was very focused on trading and users in the early days and now turning the  page to building out a robust Compliance program. Noah shares his journey from being a prosecutor at the US Attorney's Office, working at Morgan Stanley, to his current role at Binance. 
He discusses the challenges and opportunities of working in compliance in the crypto industry, the importance of trust and transparency and the steps Binance is taking to improve its compliance program.
Noah also talks about the collaboration between Binance and law enforcement agencies, the regulatory landscape in different countries, and his excitement for innovation and the future of centralized exchanges vs decentralized platforms. 
Minute-by-minute episode breakdown
2 | Noah's transition from a prosecutor to Chief Compliance Officer at Binance 
6 | Experience and cultural differences between TradFi and Crypto 
9 | Importance of rebuilding trust in the crypto market and industry 
12 | Impact of the settlement with the US government on Binance and Chief Compliance Officer role 
15 | Collaboration with law enforcement and focus on rooting out bad actors 
19 | Discussion on the future of crypto and the role of centralized exchanges
21 | Debate on the US government's approach to crypto regulation 
25 | Excitement about innovating in compliance through technology and killer crypto use cases 
Related resources
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Website: Binance: 188,487,264 Users Trust Us!
Blog: Binance FZE Receives a VASP Licence from Dubai’s Virtual Assets Regulatory Authority
Blog: Binance’s Proof-of-Reserves System: A Year of Upgrading User Assets Transparency
Press Release: Statement Regarding Tigran Gambaryan
Registration: Digital premiere of Links 2024 (NYC Main Stage Content and more - Register Now!)
Blog: London’s Metropolitan Police Lead Disruption of Phishing-as-a-Service Provider LabHost
YouTube: Chainalysis YouTube page
Twitter: Chainalysis Twitter: Building trust in blockchain
Tik Tok: Building trust in #blockchains among people, businesses, and governments.
Telegram: Chainalysis on Telegram 
Speakers on today’s episode
Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) 
Noah Perlman (Chief Compliance Officer, Binance)
This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein.
Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material.
Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material. 
Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.

What if there is a company that can detect web3 cyber attacks and hacks before they happen?
In this episode Ian Andrews (CMO, Chainalysis) speaks to Gal Sagie, who is the Co-Founder and CEO of Hypernative, whose company is doing just that. Preventing malicious cyber threats aimed against the most important protocols and blockchains in the ecosystem, Gal showcases Hypernative’s end-to-end security and risk prevention platform and shares insights into the importance of security in driving wider adoption of blockchain technology. 
He discusses how Hypernative's platform has successfully detected and prevented hacks and exploits in the industry and highlights the need for a comprehensive security approach beyond traditional smart contract audits and emphasizes the role of real-time monitoring and automated actions in mitigating risks.He also explains the accuracy of detection, the ease of onboarding and the need for his company to maintain low false positive alerts and the team’s focus to expand to more chains and protocols. 
Minute-by-minute episode breakdown
2 | Overview of Hypernative and its mission in Web3 security
6 | Discussion on the importance of solving the security problem for wider adoption
10 | The speed of detection: 98% of attacks being detected 2 minutes or more before the first transaction
13 | Chainlink and other ideal users of Hypernative: protocols, chains and investors
16 | The focus on accuracy to minimize false positives and maintain trust 
19 | The limitations of smart contract audits and the need for additional security measures 
23 | The endless information available on the blockchain for security analysis and the goal to detect all potential risks with minimal effort from customers
27 |The importance of detecting and preventing attacks before any funds are lost 
31 | Hypernative's roadmap for the year ahead and plans for expansion 
Related resources
Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.
Website: Hypernative: Institutional Grade  Web3 Security
Twitter: Hypernative stops zero day cyber-attacks and economic risks
Blog: Chainlink Labs and Hypernative Partner to Enhance Web3 Security
Blog: Chainalysis Partners with Hypernative for Real-Time Security and Incident Response
Press Release: ‘SEAL 911’ team of white hats formed to fight crypto hacks in real time
Registration: Digital premiere of Links 2024 (NYC Main Stage Content - Register Now!)
Blog: What You Need to Know About the Bitcoin Halving
Podcast: Bitcoin Mining and Data Centre Innovations: Podcast Ep. 76
YouTube: Chainalysis YouTube page
Twitter: Chainalysis Twitter: Building trust in blockchain
Tik Tok: Building trust in #blockchains among people, businesses, and governments.
Telegram: Chainalysis on Telegram 
Speakers on today’s episode
Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) 
Gal Sagie (Co-Founder & CEO of Hypernative)
This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein.
Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material.
Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.

Everything is Bigger in Texas.  Especially blockchain technology and Bitcoin mining operations. 
Ian Andrews (CMO, Chainalysis) speaks to Lee Bratcher (Founder & President, Texas Blockchain Council), who is one of the pivotal figures making Texas a leader in Bitcoin, blockchain and digital asset innovation. 
Lee shares how he and the TBC are shaping Texas as a front-runner in blockchain policy and they both delve into the intricacies of blockchain technology including its governance, potential for solving societal problems and implications for property rights.
Lee highlights the energy economics of bitcoin mining in Texas and the pivotal shifts he has seen in digital asset regulation, with the advent of Bitcoin Spot  ETFs. This episode also breaks down the policy initiatives and legal battles the TBC has had with the U.S. Department of Energy over their emergency energy survey and data collection, as well as TBC’s recent amicus brief submission supporting Coinbase against the SEC. 
Minute-by-minute episode breakdown
2 | Lee’s background and how he went from Army reserves to getting into cryptocurrency
4 | The concept of digital property rights and identification and its significance in society
6 | Texas Blockchain Council's impact on changing the narrative around blockchain in Texas and suing the Federal Government
10 | Texas becomes a mining epicenter due to China's blockage
14 | Filing an amicus brief to support Coinbase against the SEC
20 | DeFi Education Fund files preemptive lawsuit against the SEC 
22 | The North American Blockchain Summit aims to bring policymakers and regulators together with industry executives 
26 | Lee reflects on his interview with Balaji Srinivasan and how the share many profound perspectives
29 | Discussions on criminal activity in crypto and impact of Bitcoin spot ETFS
Related resources
Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.
Website: TBC: Making Texas a Leader in Bitcoin, Blockchain & Digital Asset Innovation
Video: What We Do at the Texas Blockchain Council w/Lee Bratcher
Blog: US energy officials agree to ‘destroy’ all data from crypto mining survey
Policy: Texas Blockchain Council Policy Initiatives
Whitepaper: Bitcoin: A Peer-to-Peer Electronic Cash System by Satoshi Nakamoto
Book: The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else by Hernando De Soto
Video Podcast: Crypto & AI are Redefining US Federal System | Balaji Srinivasan and Lee Bratcher on Shifting Dynamics of US Power
Blog: Bitcoin Fog Case Confirms Chainalysis Analytics is Reliable and Admissible in Court
Blog: Chainalysis Links NYC Summaries | Day 1 | Day 2
YouTube: Chainalysis YouTube page
Twitter: Chainalysis Twitter: Building trust in blockchain
Tik Tok: Building trust in #blockchains among people, businesses, and governments.
Telegram: Chainalysis on Telegram 
Speakers on today’s episode
Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) 
Lee Bratcher (Founder & President, Texas Blockchain Council)
This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein.
Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material.
Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podc