Malcolm Wright is the founder of InnoFi Advisory. As a former Chief Compliance Officer at a large cryptocurrency exchange, Malcolm now advises companies on ensuring responsible innovation in digital finance. All companies, and their compliance officers, need to be familiar with cryptocurrencies and the trend towards decentralized finance. Malcolm describes how current compliance concepts such as “Compliance by Design” and “Know Your Customer (KYC)” are still applicable in the crypto space and gives practical advice to legal and See more +

Malcolm Wright is the founder of InnoFi Advisory. As a former Chief Compliance Officer at a large cryptocurrency exchange, Malcolm now advises companies on ensuring responsible innovation in digital finance. All companies, and their compliance officers, need to be familiar with cryptocurrencies and the trend towards decentralized finance. Malcolm describes how current compliance concepts such as “Compliance by Design” and “Know Your Customer (KYC)” are still applicable in the crypto space and gives practical advice to legal and compliance professionals on how to navigate

in the crypto future.

The year 2021 brought an explosion of different non-fungible tokens (NFTs) used for funding projects of all shapes and sizes, which often happens in decentralized finance, where the whole ecosystem is run by smart contracts – automated contracts driven by code. Having an NFT is a digital certificate of provenance. The emergence of these NFTs and their uses has heralded the creator economy and will revolutionize how culture, finance, and our societies work.

For the last few years in crypto, there has been a significant focus on centralized exchanges and custodians, but recently the focus has shifted towards other risk areas. At InnoFi, they consider how risks can present themselves from an anti-money-laundering perspective and a consumer protection perspective. See less -