Dynamic compliance Guidelines for blockchains are required for entrepreneurs to meet regulatory compliance requirements while experimenting with emerging technologies to build the future of finance.
Complexities and Importance of Crypto Compliance
Meeting regulatory compliance requirements is nothing new for entrepreneurs, as they build and grow. The web3 space introduces additional complexities when it comes to legal operations.
There are various security threats and scams exist involving cryptocurrencies, and the possibility of facing legal issues add to those risks. Addressing these compliance risks can be challenging, since it involves various unknowns, as well as requirements that involve many specific sets of expertise. The complexities include the following.
- Variation in requirements among various jurisdictions around the world
- Lack of sufficient collaboration among stakeholders, in part due to limited resources
Dynamic Compliance for Blockchains Provided by our CEO
Legal operational oversight is also, of course, paramount. That said, we are pleased to share that MuKn’s CEO, Alexander Smart, has submitted a Cardano Catalyst Fund 13 proposal to develop dynamic compliance guidelines for the international Cardano Blockchain Network. Our team has the right expertise and passion to develop these guidelines.
I had the pleasure of interviewing Alexander about his expertise about crypto law on the Real World Blockchain podcast, who is eager to advise more blockchain ecosystems!