Public Key Podcast

[CHAINALYSIS PODCAST EPISODE 9] Crypto Custody In The Wake Of MICA Regulations

Episode 9 of Public Key, the Chainalysis podcast, is here! In this episode,we cover physical and digital asset custody and the impact of proposed MICA regulations in the EU.  

We are proud to highlight that Prosegur is a client of Chainalysis. 

You can listen or subscribe now on Spotify, Apple, or Audible. Keep reading for a full preview of episode 9.

Public Key Episode 9 preview: Physical and Digital Asset Custody, LATAM adoption of crypto and MICA regulation challenges

In this episode of Public Key, our host, Ian Andrews (CMO at Chainalysis) is joined by Alan Draguilow (Head of Product & Operations, Prosegur Crypto) to consider the impact of the controversial MICA regulations that are making their way through the EU legislative process.  Alan talks about the evolution of Prosegur from physical to digital asset security and how this will enable financial institutions to feel safer in entering the crypto market. 

The conversation addresses the quickly moving adoption in Latin America and the challenges created by inconsistent approaches to crypto regulation around the world, particularly for companies attempting to release products globally.

Quote of the episode

“I mean it really goes back to the thing we were talking about earlier with this idea of programmable money. You know, what got you and I excited about Ethereum in the first place is like,  we’re finally at this kind of a digital transformation or modernization moment of the financial system.  I think it’s incredibly powerful.” ..Ian Andrews (Chief Marketing Officer, Chainalysis) 

Minute-by-minute episode breakdown

  • (2:19) – Alan’s origin story, why Ethereum blew his mind and being caught up in the DAO hack
  • (6:25)  – What is Prosegur and how they are handling physical assets and crypto assets 
  • (9:15) – The differences between physical asset security and digital asset custody
  • (12:00) – The cryptocurrency market and adoption in Spain
  • (14:27) – What is MICA and how does it impact cryptocurrency companies in the EU
  • (17:35) – Why banks and large financial institutions in Spain are waiting for MICA regulations before moving quickly into the crypto market
  • (20:20) – The issues with inconsistent regulation in EU and in USA and how International crypto companies navigate this area
  • (24:00) – How LATAM is  leading the way in crypto regulation and adoption ahead of USA and the EU 
  • (27:57) – How the remittance market between Europe and Latin has opened up a need for cryptocurrency 

Related resources

Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.

  • Video: Chainalysis Links New York 2022 (Video Replays) 
  • Blog: Banks Need to Understand Their Cryptocurrency Exposure Even If They Don’t Take Custody of Cryptocurrency
  • Announcement: Asset Reality and Chainalysis partner with Grant Thornton to offer pioneering solution for crypto recovery investigation
  • Article: Mutua Madrid Open and Prosegur include a smart robot dog in their security device for the first time
  • Report: The Chainalysis 2022 Crypto Crime Report
  • Website: Prosegur: Physical and Digital Asset Custodian

Speakers on today’s episode

  • Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)
  • Alan Draguilow (Head of Product & Operations, Prosegur Crypto)

**Note: We are proud to highlight that Prosegur is a Client of Chainalysis 

This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein.

Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material.

Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material. 

Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.