Encrypted

Ahmed and Faisal sit down with the Tarik Mohammed, Chief Compliance Officer of OTC Supply. Firstly, Ahmed brings up the Wall Street Journal’s article of identifying that $90 million in suspected criminal proceeds that flowed through intermediaries such as Shapeshift over two years. The discussion goes into how Monero, and more specially how these private transactions work along with explaining concepts such as zero knowledge proofs and atomic swaps. Tarek lists the issues that the industry faces with these types of private cryptocurrencies and how these challenges can still remain with the rise of decentralised exchanges. The conversation delves into whether or not cryptocurrencies are actually used for criminal purposes and Tarek explains the ‘know your flow of funds’ concept which has become a rising theme in the regulatory space and how it impacts exchange and OTC businesses going forward. They also explain how the Journal categorised potential addresses that were associated with criminal purposes. Ahmed