Dylan LeClair: Bitcoin's Future Outlook (a video) by Swan Signal with Joe Consorti
TL;DR: A reckoning of generational levels is on the horizon. The counterparty risk-free magic internet money is beginning to make a lot more sense to more people each day.
Hey Bitcoiners,
The Fed has never intervened more than the last few years. The collateral the banks have on their balance sheet has reached in 10’s and even 100’s of billions in losses. If depositors ever understand the banks are broke and insolvent in real terms - the system will collapse. If the Fed has to keep intervening over the next years and decade(+), will is a near certainty - Bitcoin’s digital scarcity and self-custody principles make it the ideal asset to hold a significant portfolio position.
Enjoy!
Tick tock next block,
Cory Klippsten
Sign up for Swan and receive $10 in free Bitcoin today
Quote of the Day
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
- Henry Ford
Job of the Day
Compliance Director / Ninja
The Company
Swan is a leading Bitcoin-only financial services company supporting individuals and companies throughout their Bitcoin journey. We hire passionate Bitcoiners who want to work with a self-motivated and fully distributed startup team.
The Role
Swan is looking for an experienced Director of Compliance, who will coordinate and oversee the company’s Compliance and Regulatory strategy. The role of the Director of Compliance will build core compliance functions for our platform, services and teams. This role will work collaboratively to set the strategic direction for the Compliance and Regulator Function within Swan, reporting to the Chief Operations Officer.
This person will oversee our compliance programs and compliance relationships with multiple outside regulatory bodies, and other third parties. You will lead the team, develop a strategy for the function, guide the programs forward, and complete other compliance projects with company, and customer-wide impact.
Your responsibilities
Collaborate to define, implement, and administer company Compliance and Regulatory policies and guidelines.
Lead compliance scoping for new market expansion initiatives and oversee projects for Money Transmitter License (MTL) Compliance.
Monitor the regulatory and statutory landscape for Bitcoin regulatory compliance, keeping senior leadership apprised of any relevant developments impacting the company’s business goals and objectives, and recommending appropriate courses of action as needed.
Develop and execute a continual compliance framework for each of Swan's platforms and business offerings.
Provide strategic guidance to product and business leadership regarding compliance requirements and market suitability.
Review, implement and maintain of all regulatory objectives (Anti-Money Laundering, Counterterrorist financing, social responsibilities, Know-Your-Customer, Know-Your-Business requirements, etc.)
Write and work across the organization to enforce external compliance policies including AML/KYC policies.
Interact with regulators, customers, and investors on compliance and regulatory issues, including audits, assessments and inquiries.
Train managers and other team members across operations, client services, engineering, product, sales, and marketing in compliance efforts.
Work to establish automated tooling for compliance and controls, provide reports and manage projects to implement improvements.
Skills and experience that will help you succeed
5+years experience with compliance roles at financial or fintech operations.
Working experience and knowledge in building and running a Compliance program.
Experience with payment regulations, network rules, e-commerce, and including AML&KYC/B.
Senior level experience in writing and enforcing controls and policies.
Anti-Money Laundering Specialist Certification.
Experience with Money Transmitter Licensing processes and FinCEN regulations.
Required to work US time zones, but can be based anywhere.
Here's a bit about our culture
We’re a growing team: Fully distributed across the world, Slack and video conferencing are huge here.
We’re very flat: Leadership is desired and encouraged; we hire people who care about the product they are working on.
We’re Bitcoiners: We find solutions that encourage Bitcoin principles. Many of us pull double duty alongside our main job, producing content for Bitcoin newsletters, podcasts, social audio platforms, and YouTube shows, and spend some of the day on Twitter educating the masses. We love Bitcoin, and it comes through in our daily chats, meetings, and actions.
Join us, become a Swan!
Not your particular skill set? Check out all the Bitcoin Jobs at bitcoinerjobs.com.
Event of the Day
Pacific Bitcoin — By Swan Bitcoin
The Barker Hangar
Santa Monica, CA
October 5 & 6, 2023
Watch this 90 second reel from last year’s event to get in the mood. Then save 21% with the code DAILY.
Featured speakers include: Jimmy Song, Lyn Alden, Greg Foss, Preston Pysh, Alex Gladstein and many more.
Not in town for this? Check out all the Bitcoin events at bitcoinerevents.com.
Meme of the Day
Thanks for reading The Daily Bitcoiner! Subscribe for free to receive new posts and support my work.