Many within the cryptofinance industry have been patiently waiting for regulatory oversight to deliver the clarity required for institutional adoption. Recent updates by the Financial Action Task Force (FATF), which issues guidelines for 200 countries and territories, attempts to apply the same rules and regulations required of traditional finance to the world of virtual currencies. Yaya Fanusie's background as an intelligence analyst at the CIA, and research on the national security implications of cryptocurrencies, provide valuable insight into the necessity of regulation in the space to mitigate the risk of bad actors. Yaya discusses the history and evolution of “Know Your Customer” and where he believes the industry is heading as it faces policymakers who attempt to regulate such rapid technological change. Topics covered in this episode: Yaya’s background in the CIA and how he became interested in bitcoinBitcoin from a national security perspectiveHow terrorist organizations leverage cryptocurrencies for fundingThe evolution of AML/KYC and complicance regulation in the financial sectorThe cost of AML/KYC on business and societyTrying to regulate rapid technological changePrivacy in communication vs. Privacy in paymentsThe travel rule and how it affects cryptofinancial companiesCryptocurrencies over the next decadeEpisode links: Yaya Fanusie's websiteYaya Fanusie on TwitterFinCEN’s Regulations to Certain Business Models Involving Convertible Virtual CurrenciesFoundation for Defense of Democracies (FDD) PodcastStronger AML Enforcement Might Actually Save Crypto (FDD)Crypto Rogues (FDD)Anti-money laundering and counter terrorist financing (European Commission)Cryptocurrency AML StrategiesKYC in Stablecoins (Bits on Blocks)Rhythm of Wisdom PodcastSponsors: Pepo: Meet the people shaping the crypto movement - https://pepo.com/epicenterThis episode is hosted by Sebastien Couture & Brian Fabian Crain. Show notes and listening options: epicenter.tv/324

Governance within any community has been a work in progress for humanity's history. The blockchain ecosystem continues to develop and offer an alternative to today's centralized powers. With this, distributed projects and technologies will need to enact clear governance to ensure viable competition with the streamlined decision-making processes present in today's institutions. The absence of codified governance in Bitcoin may be one of its most significant traits, signaling to the world its predictability due to its inability to change drastically. New projects like Edgeware, however, hope to encode the rules of governance on-chain and ensure a transparent process for stakeholders wishing to participate. Edgeware is a smart contract platform built on Polkadot's Substrate. Focused on developing community-owned governance tools, Edgeware is a distributed project where participants use the tools themselves to vote, delegate, and fund each other to upgrade the network. While initially developed by Commonwealth Labs, Edgeware at launch will be entirely managed by the community, which holds 90% of the tokens and resulting influence. Topics covered in this episode: What attracted Dillon to crypto and why he co-founded Commonwealth LabsMulti-chain governanceHow Edgeware is uniqueBuilding Edgeware on Polkadot’s SubstrateRetrospection from the soft-launch of EdgewareWhat a “lockdrop” is, and why Edgeware had oneThe issues and controversy around the Edgeware launch and lockdropThe zero-day fork of Edgeware, StraightedgeThe future of EdgewareEpisode links: Edgeware HomepageCommonwealth HomepageRelaunch: A Clean Genesis for EdgewareEdgeware White PaperEdgeware blockchain launch gets hijacked by rival fork - DecryptEdgeware Participation StatisticsStraightedgeHey Straightedge - Conspiratus episodeEdgeware on TwitterEdgeware on DiscordEdgeware White PaperSponsors: Pepo: Meet the people shaping the crypto movement - https://pepo.com/epicenterThis episode is hosted by Sebastien Couture & Sunny Aggarwal. Show notes and listening options: epicenter.tv/322