Shownotes Transcript
Yaya Fanusie, director of analysis at the Center on Sanctions and Illicit Finance at the Foundation for Defense of Democracies, and Tom Robinson, chief data officer and cofounder of blockchain analytics firm Elliptic, discuss how common money laundering is in crypto, how jihadist groups are using it, and how privacy coins (really Monero) affect their work. (The reason why the dark markets haven't much used Zcash surprised me.) We also discuss bad state actors using cryptocurrency, such as Venezuela's efforts with the metro and North Korea's alleged Bitcoin ransomware attacks, and how, leaving aside bad state actors, central bank cryptocurrencies would compete with decentralized ones. Plus, we discuss what impact OFAC blocked addresses list will have.
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Yaya Fanusie: https://twitter.com/SignCurve)
Center on Sanctions and Illicit Finance at the Foundation for Defense of Democracies: http://www.defenddemocracy.org/csif)
Tom Robinson: https://twitter.com/tomrobin)
Elliptic: http://www.elliptic.co)
Yaya and Tom's report on Bitcoin laundering: http://www.defenddemocracy.org/content/uploads/documents/MEMO_Bitcoin_Laundering.pdf)
New AML regulations on cryptocurrencies in Europe: https://www.elliptic.co/our-thinking/5th-aml-directive-eu-regulation-cryptocurrency)
Money laundering in ICOs: https://www.elliptic.co/our-thinking/ico-risk-why-aml-compliance-matters)
Yaya's op-ed on the Venezuelan metro in CoinDesk: https://www.coindesk.com/crypto-investors-stay-away-venezuelas-petro/)
Russia's blockchain plans: http://thehill.com/blogs/pundits-blog/technology/346476-blockchain-technology-may-give-russia-its-next-sputnik-moment)
What jihadists are doing with crypto assets: https://www.thecipherbrief.com/article/exclusive/international/terrorist-networks-eye-bitcoin-cryptocurrencys-price-rises)
https://www.thecipherbrief.com/column/private-sector/the-new-frontier-in-terror-fundraising-bitcoin)
Yaya's essay on self-policing in CoinDesk: https://www.coindesk.com/crypto-community-must-use-blockchain-self-police/)
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