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The Walden Pond – Responsible Innovation in Crypto and Compliance – JD Supra

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 –
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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
© Thomas Fox, Compliance Evangelist | Attorney Advertising
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