Solidus Labs

Solidus Labs

5.0 (4)
Technology
Updated Semiweekly

These podcast episodes are produced by Solidus Labs, the market integrity firm focused on protecting modern financial markets across crypto, digital assets, and TradFi. The goal is simple: clearer insight into market integrity today, and what it will take to build fair, resilient financial markets tomorrow.

3d ago

Controlled Openness: Inside Cambodia's Digital Asset Regulatory Framework

In this episode of Compliance Champions, Delphine Forma, Head of Policy Europe and APAC at Solidus Labs, speaks with Dr. Vin Pheakdey, Deputy Director General and Chair of the FinTech Working Group at the Securities and Exchange Regulator of Cambodia. They explore how Cambodia has transformed its approach to digital assets — from restricting unlicensed crypto activity in 2018 to establishing a formal, dual-authority licensing framework under SERC and the National Bank of Cambodia. Dr. Vin walks through the architecture of Prakas 093, which classifies digital assets as financial instruments and securities, and explains what firms need to demonstrate to navigate the sandbox process and secure a full licence. He also shares the most common gaps SERC sees in applications — practical intelligence for any firm considering the Cambodian market. The conversation also explores the realities of supervising a borderless market. Dr. Vin shares why offshore unregulated platforms remain one of the biggest challenges facing regulators, why international cooperation and information sharing are indispensable, and how Cambodia is embedding market integrity into its framework through transaction monitoring, trade surveillance, RegTech, SupTech and direct supervisory access to transaction data. They also discuss Project Bakong — Cambodia's blockchain-based digital payment system with over 65% population penetration — and how its success has shaped the country's confidence and approach to broader digital asset regulation. Rounding out the episode: Cambodia's international engagement strategy including its bilateral meeting with the U.S. SEC, lessons learned for other emerging market regulators, and a preview of the joint NBC-SERC guideline on digital asset supervision currently in development. A sharp, forward-looking conversation offering a rare regulator-side view into how emerging markets are building digital asset frameworks — and why Cambodia's approach deserves more attention than it gets.
Jul 15

Regulatory Reporting at Scale: Inside Bitpanda's Compliance Engine

In this episode of Compliance Champions, Delphine Forma, Head of Policy Europe at Solidus Labs, speaks with Philipp Ringel, Team Lead for Regulatory Reporting at Bitpanda — one of Europe's largest and most licensed crypto platforms. They explore what regulatory reporting really involves at scale, including how Bitpanda manages over 100 reports across multiple licenses and regulatory frameworks. Philipp shares how the function has matured over five years, what makes crypto reporting uniquely complex compared to traditional finance, and how firms can design processes that hold up under scrutiny. The conversation goes deep on data — why quality and governance matter from day one, how to capture the right data points early in the customer journey, and how to normalise information across different reporting regimes. They also cover the role of automation and AI, the practical challenges posed by MiCA's still-evolving requirements, and how to navigate reporting to stablecoin issuers where centralised infrastructure simply doesn't exist yet. A practical, experience-led conversation for compliance and reporting professionals building the infrastructure that keeps regulated crypto firms accountable.
Jul 9

The Endgame: Inside a Crypto Wind-Down Under MiCA

What does it actually take to wind down a crypto exchange responsibly? Following the withdrawal of Kriptomat's MiCA application, Delphine Forma speaks with Dejan Davidovič about one of the least discussed areas of crypto compliance: how to close a regulated business while continuing to protect customers and meet regulatory expectations. Together they explore how Kriptomat designed its wind-down strategy, communicated transparently with customers, selected Kraken as its migration partner, managed dormant accounts and asset delistings, and continued meeting its AML and reporting obligations long after trading had stopped. They also discuss the regulatory uncertainty surrounding firms caught between legacy licensing regimes and MiCA, why clear regulatory guidance on wind-downs is still missing, and the lessons every compliance officer, founder and policymaker should take from the first generation of MiCA applications. Whether you're preparing for authorisation, managing regulatory change or simply interested in the realities of running a regulated crypto business, this episode offers practical insights rarely shared in public.
Jul 2

The Future of Payments and Digital Assets in Australia

What does compliance look like when payments regulation, crypto licensing, and AML requirements are all changing at the same time? In the latest episode of Compliance Champions, Delphine Forma sits down with Hailey Shi, Legal Counsel at Manova, for a deep dive into Australia's rapidly evolving regulatory landscape and what it means for payment service providers, crypto businesses, and compliance professionals. They cover: • Australia's transition to a new function-based payments licensing framework • how the digital asset licensing regime will impact exchanges, broker dealers, custodians, and assets tokenization platforms • the implications of bringing crypto businesses into a broader financial services framework • the shift from prescriptive AML rules to risk-based compliance obligations • travel rule implementation challenges for payment providers and digital asset businesses • the introduction of reporting groups and lead entities under Australia's AML reforms • practical strategies for operationalizing major regulatory change across legal, compliance, product, and engineering teams • where AI can improve compliance efficiency and support regulatory implementation efforts Hailey shares practical lessons from the front lines of regulatory transformation, offering valuable insights into licensing, financial crime compliance, governance, payments infrastructure, and digital asset regulation. A must-listen episode for professionals working in compliance, legal, financial crime, payments, fintech, and cryptocurrency regulation.
Jun 17

The Hub Model: How to License Smart Across Crypto and TradFi

What does regulatory compliance look like when your business spans traditional finance, crypto assets, multiple jurisdictions, and evolving regulatory frameworks? In the latest episode of Compliance Champions, Delphine Forma sits down with Dimitar Manolchev, Managing Director of Regulatory Compliance at FXCM Group, for an in-depth discussion on building global licensing strategies across traditional financial services and digital assets. They cover: • how firms design licensing strategies across the globe and global markets • why regulatory synergies matter more than simply collecting licenses • the practical advantages and limitations of MiCA Article 60 notifications • the relationship between MiFID and MiCA licensing frameworks • appropriateness and suitability tests in financial services and digital assets • ESMA's position on crypto perpetual futures and the implications for retail investors and crypto exchanges • managing regulatory uncertainty and conflicting supervisory expectations across jurisdictions • how compliance teams can build flexible frameworks that adapt to regulatory change • the growing role of AI in compliance advisory, monitoring, regulatory reporting, and governance Dimitar shares practical lessons from operating across multiple regulatory regimes and explains how compliance leaders can balance regulatory expectations, business objectives, and innovation in an increasingly complex global environment. A must-listen episode for professionals working in crypto compliance, digital asset regulation, financial services regulation, licensing, risk management, and fintech governance.
Jun 10

Compliance Without Borders: Building a Global Crypto Framework

In this episode of Compliance Champions, Delphine Forma, Head of Policy Europe at Solidus Labs, speaks with Johan Hetzel, Global Head of Compliance & Anti-Financial Crime at Luno — a leading crypto exchange operating across Africa, Europe, and Southeast Asia. They explore the practical realities of scaling compliance across multiple jurisdictions — from the principle-based framework in South Africa to the more prescriptive rules in Malaysia — and how firms design global standards while allowing for local adaptation. Johan shares his approach to building trade surveillance programmes, managing the tension between compliance and engineering priorities, and tackling some of the industry's most debated challenges: travel rule implementation and unhosted wallet treatment. The conversation also covers the growing role of AI in financial crime detection — where it genuinely helps and where the risks lie — as well as what compliance leaders should prioritise when everything feels urgent and resources are never enough. A candid, experience-driven conversation offering a rare practitioner's view into what global compliance leadership in crypto actually looks like.
May 20

Inside New Zealand’s Crypto Regulatory Playbook (FMA Insights)

Join Delphine Forma, Head of Policy Europe at Solidus Labs, as she sits down with Alan Crofts, Sarah Davidson, and Nelson Curry from the New Zealand Financial Markets Authority. They unpack how New Zealand regulates digital assets—from defining financial services and stablecoins to tackling scams, custody risks, DeFi, and market abuse. A practical, regulator-led deep dive into compliance expectations, enforcement trends, and what’s next for crypto oversight.
May 14

Why Japan Could Become Crypto’s Next Institutional Hub: Designing Compliance in a New Regulatory Era

In this episode of Compliance Champions, Delphine Forma, Head of Policy Europe at Solidus Labs, sits down with Wise Wang, Head of Legal and Compliance at HashKey Japan. They explore how Japan’s regulatory approach to crypto is evolving, including the shift from a payment-based framework to a capital markets model. Wise shares insights into what these reforms mean for firms operating in Japan, from increased disclosure requirements and stronger investor protection rules to the growing importance of governance, surveillance and internal controls. The conversation also covers the potential impact of tax reform on market activity, the challenges of building compliant crypto businesses in a highly regulated environment, and why firms need to rethink compliance as a core part of their product and strategy. Drawing from his experience in both tech platforms and crypto, Wise also reflects on the similarities between early social media regulation and the current evolution of crypto oversight. A deep dive into one of the most advanced regulatory markets and what it means for the future of institutional crypto adoption.

5

out of 5

4 Ratings

These podcast episodes are produced by Solidus Labs, the market integrity firm focused on protecting modern financial markets across crypto, digital assets, and TradFi. The goal is simple: clearer insight into market integrity today, and what it will take to build fair, resilient financial markets tomorrow.

Creator

Solidus Labs
Years Active

2022 - 2026
Episodes

135
Rating

Clean
Copyright

© Solidus Labs
Show Website

Solidus Labs

Business

Business

Updated Semiweekly
Investing

Investing

Updated 2d ago