Today, we’re continuing our conversation about how to transition from “risk to rescue” by delving into the reasons why fiat services may be riskier than crypto, despite long-held beliefs that the opposite is true. If you’re a compliance professional who is feeling deeply dissatisfied with the scope of your work at the moment, you’re not alone, and this episode will shed some light on why that is the case!

If you found value in this episode, I would really appreciate it if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is.

Today's episode:

[00:38] An overview of today’s topic: Why fiat services may be riskier than crypto?

[01:52] Why owners of fiat accounts are a hugely underestimated risk.

[02:14] Where the value of fiat currencies is derived from.

[02:46] Problems with the fiat system.

[05:28] How we should be thinking about our savings versus our investments.

[06:38] The biggest risk of the fiat system.

[07:16] How financial institutions and government regulations manipulate compliance professionals.

[07:56] Examples of new regulations and requirements that took effect in recent decades.

[10:03] What these new regulations have failed to achieve.

[12:33] Why do so many compliance experts feel deeply dissatisfied with the scope of their work?

Show links:

• Interested in FinTech compliance? - consider investing in the FinTech Compliance Self-Starter Package!

• I would love to invite you to sign up for my newsletter. If you are interested, please click here.

In the first episode of the “From Risk to Rescue” series, I explore how many existing regulatory laws and requirements de facto discriminate against smaller businesses and people with less money, deepening financial inequality, and why it is so important that we eliminate outdated risk and compliance norms.

If you found value in this episode, I would really appreciate it if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is.

Today's episode:

[00:39] Welcome to the first episode of the “From Risk to Rescue” series.

[01:07] Why I agree with Elon Musk’s proposal to have a Regulation Removal department in every state.

[04:09] How regulations discriminate against poorer people and smaller businesses.

[05:29] Outdated assumptions about smaller businesses and poorer people that do more harm than good.

[10:15] My experience working with businesses in Africa, the Middle East, and South East Asia.

[12:05] Understanding Nassim Taleb’s theory of “fat tails.”

[13:45] How “the network effect” works.

[14:02] How the failure of a major organization impacts smaller businesses.

[16:09] Exploring Jeffrey Sacks’ theory of economic and financial apartheid.

[20:02] Why it’s important to understand the history of risk and compliance norms.

Show links:

• Interested in FinTech compliance? - consider investing in the FinTech Compliance Self-Starter Package!

• I would love to invite you to sign up for my newsletter. If you are interested, please click here.

Reddit and YouTube star, Roaring Kitty, is being accused (again) of market manipulation by the mainstream media because of his role in the 2021 GameStop saga. In this episode, I explain why I strongly disagree with these claims. This is a topic I am very passionate about and I look forward to hearing your thoughts.

If you found value in this episode, I would really appreciate it if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is.

Today's episode:

[00:40] An overview of the topics I will cover in today’s episode.

[01:44] What Reddit and YouTube star, Roaring Kitty, has been accused of (again).

[03:13] Why I disagree with the general sentiment towards Roaring Kitty.

[06:02] The cause of the increased value of GameStop shares in January 2021.

[08:15] The timebomb created during the period after GameStop and how Robinhood responded.

[11:38] Understanding market manipulation (and why I don’t think this is what Roaring Kitty did).

[17:40] Why I agree with how Robinhood reacted in 2021.

[19:12] Unpacking Gary Gensler’s opinion on Roaring Kitty and GameStop.

[21:19] Why I am so passionate about this topic.

[24:52] Please share your thoughts!

Show links:

• Interested in FinTech compliance? - consider investing in the FinTech Compliance Self-Starter Package!

• I would love to invite you to sign up for my newsletter. If you are interested, please click here.