Analysing blockchains for regulatory compliance (more interesting than it sounds)

Thank you to Keír Finlow-Bates for his videos.

This video was commissioned by Valega Chain Analytics as an introduction to some of the issues that affect how we can analyze the Bitcoin blockchain in order to extract more information out of the transactions it records. Some of this might not be immediately familiar to cybersecurity professionals or finance administrators, so I explain how these tie in with the social and economic problem that Bitcoin was set up to solve in the first place

The reason for doing so is to aid in ensuring compliance with financial regulations that are being brought in over time to bring the cryptocurrency world more in line with the restrictions and reporting requirements that are imposed on traditional finance.

With the implementation of the Financial Action Task Force recommendations in national legislation, virtual asset service providers are under pressure to comply with these new rules, or they face losing (or failing to obtain) their licenses.