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Amber Scott (Outlier Canada) on crypto-bank relationships in Canada (EP.158)

Amber Scott (Outlier Canada) on crypto-bank relationships in Canada (EP.158)

FromOn The Brink with Castle Island


Amber Scott (Outlier Canada) on crypto-bank relationships in Canada (EP.158)

FromOn The Brink with Castle Island

ratings:
Length:
46 minutes
Released:
Dec 14, 2020
Format:
Podcast episode

Description

Compliance expert Amber Scott joins the show to explain why crypto-firms are systematically excluded from the bank sector in Canada. In this episode:  Our objective in launching a series on bank suppression of the crypto industry The current bank landscape in Canada Why crypto firms struggle to get access to banking in Canada Why money transmitters face a more burdensome treatment from banks What derisking is and why it is so common Whether MSBs and crypto firms deserve the treatment they get from banks Why derisking often forces crypto firms into using grey market payment processors, exposing them to the risk of fraud The underlying reasons for reluctance on the part of banks to bank crypto firms Why informal guidance from regulators is so critical How US regulations are structurally imported into Canada How a service provider called Central One imports US policy for thousands of credit unions Follow Amber on Twitter and learn more about Outlier Canada. 
Released:
Dec 14, 2020
Format:
Podcast episode

Titles in the series (100)

Hosts Matt Walsh and Nic Carter of Castle Island Ventures explore the political, ethical, and economic significance of Bitcoin and other public blockchains and talk to some of the leading experts in the industry. Learn more and stay up to date at CastleIsland.vc and follow on twitter @CastleIslandVC