Traditional banks just got full OCC permission to custody crypto (IL 1183-1188, 2025). But their compliance teams were built for wire transfers and trust accounts -- not multi-sig key management, on-chain BSA/AML, or fork risk assessments. This piece breaks down the five specific walls banks are hitting and why the compliance gap is the real bottleneck, not the regulation.
I like the spin on this. Still looking for opportunities to get into compliance spaces since I am in privacy risk. But if this is true then I am definitely open to doing crupto compliance if it is a thing. If anyone knows of job opportunities then please share. I just found this article interesting.. but its tough out here. Thanks for reading.
But, the reality is the evidence supports that he knew and failed to report. Then tried to hide it. Like really come on man.
I get both sides (CISO and Legal) but this is kinda obvious. I'd rather keep my integrity and report that I missed something and deal with the consequences. As opposed to make such an elaborate scheme to hide it.
I am in the process of dreaming up a project that will maybe resolve this one day. Highly doubt this will be figured out in my lifetime since it feels like this is a money thing and companies don't want to invest in defensibility for themselves. I do privacy compliance btw but this hit my feed on LinkedIn and I liked the viewpoint. And of course the humor.
I do agree that the use of screenshots, PDFs, and manual attestations are fundamentally flawed as evidence. They're trivially forgeable, lack chain of custody, and create "trust-based" proof that regulators increasingly reject.
Im wanting to change careers and maybe look at audit so I have been researching certs to take. Getting deep into RFC 3161 timestamps and ISO/IEC 18014 standards as alternatives—turning compliance evidence into cryptographically verifiable proof that holds up in enforcement actions.
Curious what others think about the shift from "trust me" to "verify this" in GRC.
Thanks so much for reading. Love this site and glad I stumble upon it last week.
I like the spin on this. Still looking for opportunities to get into compliance spaces since I am in privacy risk. But if this is true then I am definitely open to doing crupto compliance if it is a thing. If anyone knows of job opportunities then please share. I just found this article interesting.. but its tough out here. Thanks for reading.
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