In a recent interview with Yahoo Finance, United States Securities and Exchange Commission Chair Gary Gensler said that he has one goal for crypto regulation in 2023 – “making crypto exchanges and lending platforms come into compliance.”
Regulators worldwide have stepped up their oversight of crypto activities, and have sent strong indicators that tighter regulation and enforcement is coming. What does this mean for Financial Services firms?
Smaller firms face unique compliance requirements when compared to the needs of their larger counterparts. Add in the complexities of remote and hybrid work in the midst of a pandemic, and it's been another challenging year for Chief Compliance Officers.
