077. Amber Scott, CEO at Outlier, on Facebook’s Libra + Crypto Regulation

Amber D. Scott is CEO at Outlier, and a compliance ninja. She’s an expert in regulation around cryptocurrencies, custody, privacy and in keeping with all of the latest changes. She’s a guru at the intersection of compliance and blockchain technology and as an MBA grad she also understands where businesses are coming from.

Amber sits down with me at my home office in Toronto. We recorded this episode on video as well. Check out YouTube Channel.  Speaking of Crypto – The New Internet. This channel is still in its infancy but we’ll be posting more podcasts here as well as clips from the documentary film, The New Internet which is currently in production. More info at speakingofcrypto.com.

Amber and I have a fantastic conversation. Some of the things we talk about are:

  • Her early days in compliance at Capital One
  • A simple strategy to avoid scams
  • Spending Bitcoin instead of hodling in the early days (Amber’s pizza purchase equivalent)
  • The political statement behind Satoshi creating Bitcoin
  • Outlier’s compliance work, education and philosophy
  • Self-custody rights and a personal experience that hits home
  • When KYC + AML are required or not + creating data honeypots
  • What went wrong with Quadriga
  • Where Facebook may run into trouble with compliance
  • A new definition of fiat currency
  • Bitcoin as a reserve currency

On Satoshi’s decision to stay in the pseudonymous, Amber ends with this idea:

“(Bitcoin) is meant to be borderless and censorship resistant. And that might annoy some censors, with good reason. And if that is an act that you’re doing, maybe that’s not something that you necessarily want to be attributed.”

We had a really great chat. I have huge respect for the work that Amber has been doing for so many years and all that she puts into her expertise now. 

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