Supervisors Symposium

Dist r ibuted Ledger Technology/Crypto Compl iance Benef i ts and Risks Angela Angelovska ‐ Wilson

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Partner and Cofounder DLx Law ‐‐ CLO & Cofounder Sila Inc.

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DLT – ENABL ING THE FUTURE OF REGULATORY SUPERV I S ION AND COMPL IANCE

• RegTech has increasingly played a key role and DLT adoption holds a promise to enable and improve regulatory oversight as well as compliance processes. With DLT there maybe a shift for regulators within their traditional roles in the process ‐ from customers, to participants • DLT is uniquely suited to utilize technology to improve regulatory oversight and procedures. Specifically, due to the its key attribute ‐ an immutable ledger which can serve as the record of change, access and values, DLT provides an opportunity to re ‐ shape, streamline and alleviate the strain of regulation, reducing compliance costs, assuring accuracy, and decreasing human errors. • Once data enters the record in blockchain, it cannot be modified, amended or deleted without substantial technological and economic cooperation. Resulting in improved transparency and the production of trusted data outputs. • The benefit to regulators is the relief from collection, storage, reconciliation and aggregation of the information themselves.

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