115 - Proof of Reserves and Future of VASPs post-FTX

<p><span style="font-weight: 400;">In the aftermath of the crash of FTX, many crypto exchanges have announced their readiness to publish their proof of reserves data with the aim of reassuring customers about the safety of their funds. Tune in today to hear my thoughts on this as well as</span> <span style= "font-weight: 400;">the changes that I expect to see as a result of the FTX crash,</span> <span style="font-weight: 400;">the future of VASPs, and more! </span></p> <p><span style="font-weight: 400;">If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies!</span> <span style= "font-weight: 400;">If you are on Apple, just </span><a href= "https://podcasts.apple.com/ch/podcast/compliance-that-makes-sense/id1535160531"><strong>click here to review</strong></a><span style="font-weight: 400;">, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. </span></p> <p> </p> <p><strong>Today's episode:</strong></p> <p><span style="font-weight: 400;">[00:50] The announcement that had been made by many crypto exchanges since the FTX crash and why I think it is only a minor enhancement. </span></p> <p><span style="font-weight: 400;">[02:21] Why it is important for a VASP to have a certain amount of their own funds.</span></p> <p><span style="font-weight: 400;">[03:57] One of the issues that led to the downfall of FTX.</span></p> <p><span style="font-weight: 400;">[04:19] The benefits of issuing your own tokens. </span></p> <p><span style="font-weight: 400;">[05:01] Factors that cause most of the problems in the cryptocurrency space. </span></p> <p><span style="font-weight: 400;">[05:17] Why publishing the proof of reserves doesn’t address the issues in the cryptocurrency space.</span></p> <p><span style="font-weight: 400;">[06:48] The changes that I expect to see as a result