When evaluating a crypto investment in this environment, it becomes crucial to investigate the project’s governance, risk and compliance approach, especially with regard to fraud prevention. Due diligence should show a tech GRC program informed by U.S. Department of Justice
and smart risk mitigations that reflect planning for what is ahead. By way of example, this includes:ensuring the team possesses adequate experience and conducts conflicts of interest checksconducting global sanctions and new product launch testingAs Europe, Asia and the U.S. compete to become the global hub for crypto, those who enable regulatory technology while avoiding reliance on legacy bureaucratic approaches will be a breakaway leader.
To thrive in the crypto space amid regulatory challenges, proactive steps are vital. By prioritizing due diligence and embracing consensus-driven measures, investors and participants can shape the growth of the crypto ecosystem. Taking the lead in regulatory innovation will lay a strong foundation for the crypto's future. Fraud prevention must be imperative to foster trust and credibility.
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