Do you agree that compliance is the path to separating money from state and how does Unchained plan to execute a subversive compliance strategy?
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I'm not sure I agree. I'd like to see the separation of money and state, but I think one of the roles of compliance (as I understand it) is to work with the state where it is today, with its current rules, which definitely regulate much about money.
I don't think Unchained has a subversive compliance strategy, I think we have a conservative one -- we comply with all relevant regulations and best practices. To not do so would be to invite scrutiny and create risk for our business, our employees, our investors, and most importantly, our clients.
I do think Unchained has subversive product strategy. Collaborative custody is much harder than "just being a custodian" but it's also the right strategy -- it's disruptive and scary to the financial powers that be and this makes it subversive.
Protecting and preserving our product strategy through compliance is one of the missions of our compliance team!
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