166 - Excessively Regulating New Technologies is Bad for Compliance

Welcome back to the Compliance That Makes Sense podcast! In the coming episodes, we're going to be delving into topics related to the technological developments that are changing our world.  --- Are you a techno-skeptic or part of the effective accelerationism movement? In this episode, I explore the beliefs held by these opposing camps and share my thoughts about technological development, capitalism versus socialism, and why too much regulation is a bad thing for the compliance profession.  If you found value in this episode, I would really appreciate it if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select "Ratings and Reviews" and "Write a Review" and tell me what your favorite part of the podcast is.    Today's episode: [00:33] Welcome back!  [01:27] The new direction for this podcast.  [02:23] One of the hottest current debates in the FinTech world.  [04:21] An overview of the beliefs of the effective accelerationism (e/acc) movement.  Marc Andreessen Manifesto. https://a16z.com/the-techno-optimist-manifesto/ [05:10] What techno-skeptics advocate for.  [05:58] Sam Altman and Elon Musk's sentiments regarding technology regulation.  [07:06] Why so many compliance professionals side with techno-skeptics.   [08:43] Who Guillaume Verdon is and what he has done for the world. Interview on Lex Fridman podcast: https://www.youtube.com/watch?v=8fEEbKJoNbU [10:30] Why I believe that more regulations will negatively impact the compliance profession.  [13:33] Common fears relating to technological development and why I do not have these fears.  [15:50] The mass demoralization campaign that I believe we are in the midst of.  [16:21] A snapshot of what it was like to grow up in the USSR.  [17:22] What I have learned from working on projects in developing countries. [18:20] What I hope the future holds for the compliance profession.   Show links: Interested in FinTech compliance? - consider investing in the FinTech Compliance Self-Starter Package! I would love to invite you to sign up for my newsletter. If you are interested, please click here.  

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