Evdokia Pitsillidou interviewed on compliance, licensing and crypto-assetsSalvus Team
Our Risk & Compliance Director and partner, Evdokia Pitsillidou, was invited for an interview by the news agency, Fazzaco, to discuss ongoing matters related to compliance, licensing and crypto-assets.
As the first topic of this interview, Evdokia discussed in detail the regulatory regime of crypto-assets, the much-anticipated European regulation titled Markets in Crypto Assets (MiCA), as well as the challenges against crypto brokers and liquidity providers.
“For us at SALVUS compliance for crypto assets is not different from any other asset class. Based on that logic, we prepare and support our clients by advising them on how to adhere to the highest standards of AML while performing proper KYC, as well as KYT and KYW, and suitability tests.”
Further on, Evdokia discussed the challenges resulting from the regulatory reporting requirement of RTS 27 & 28, the trends in offshore regulations and why multiple licenses might be necessary.
“Having multiple licenses is fair and maybe even necessary for several reasons. However, approaching a client as regulated entity A and onboarding that same client under a regulated or unregulated entity B is misleading. This is a practice we would never accept from any investment brokerage working with us.”
Finally, Evdokia shared her opinion on virtual shows after the covid outbreak.
“At SALVUS, we consider virtual shows as necessary tools and platforms […]. We are excited to participate in panels, virtually and physically, and we are looking forward to seeing how the space will evolve to make the experience as close to real-life events as possible. Discussing regulation and compliance for investment firms and crypto-assets, is something extremely important and enjoyable for us. The fact that we were able to participate in so many events during the Covid pandemic was solely because of virtual events such as BrokersShow, connecting the dots for us and giving us a stage to voice our opinions and expertise.”
Click here to read the full interview.