Episode 51 of the Public Key podcast is here! How do you solve crypto companies’ access to banking in the EU? Former Chainalysis colleague Simon Ousager (CEO & Co-Founder) of Januar explains how his company is solving this problem and revolutionizing the payment gateway in the EU.
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Public Key Episode 51 preview: Solving the banking access problem for EU crypto companies
Access to banking services for crypto companies has always been challenging, and with the recent bank failures in the USA, blockchain companies, crypto exchanges, and stablecoin issuers have been severely impacted.
In this episode, Ian Andrews is joined by a former Chainalysis colleague, Simon Ousager (CEO & Co-Founder), at Januar, a company that is solving this problem for blockchain companies in the EU.
Simon explains why the EU market is perfect for Januar to provide payment gateway services in crypto and how the MiCA regulations have actually been beneficial in providing more clarity for companies like Januar and other crypto exchanges in the region.
We get a crash course on the differences between banks and payment institutions in the EU and what to expect from stablecoin issuers and blockchain entrepreneurs in the next few years.
Quote of the episode
“I heard your CEO, Michael, on a different podcast a couple of days ago, and he said that one day, all crypto exchanges are gonna be banks, and all banks are gonna be crypto exchanges. And we’re right in the middle, and I don’t know if we’re gonna be a bank, also being in Europe, you don’t have to be. There are some advantages to that, but it’s gonna move closer to each other, but I think it’s gonna be a couple of years, at least, before that happens. – Simon Ousager (CEO & Co-Founder, Januar)
Minute-by-minute episode breakdown
- (2:05) – Simon’s early beginnings at Chainalysis and founding Januar to solve the banking issue for EU crypto companies
- (6:25) – Januar’s all-in-one solution to accessing IBAN accounts, B2B crypto transactions, and compliance support
- (13:50) – How do MiCA regulations impact payment gateways using crypto in the EU?
- (18:45) – Understanding what products or services constitute banking activity in the EU
- (24:01) – The emergence of stablecoins in Europe and how regulations impact them
- (31:25) – What founders building in the blockchain and crypto industry need to know.
Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.
- Conference: Chainalysis Links 2023 in Amsterdam
- Report: The Chainalysis 2023 Crypto Crime Report
- YouTube: Chainalysis YouTube page – Links 2023 Content (coming soon)
- Website: Januar: The gate for EU crypto companies
- Press Release: Januar launching Payment Approvals
- Announcement: Copenhagen-based Januar secures €6 million to launch compliant crypto gate for European business
- Chainalysis Blog: Fraud Shop Genesis Market Shut Down in International Law Enforcement Operation, Sanctioned by OFAC
- Twitter: Chainalysis Twitter: Building trust in blockchains
- TikTok: Newly launched Chainalysis TikTok page
- Website: Chainalysis: We are paving the way for a global economy built on blockchains.
Speakers on today’s episode
- Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)
- Simon Ousager (CEO & Co-Founder, Januar)
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