The European Union’s anti-money laundering laws infringe upon personal privacy, and they come with costs that are simply too high.
George Basiladze is the co-founder and CEO of Wert, a fintech company dedicated to creating products that expand fiat payment access to crypto. He previously co-founded Cryptopay, a Bitcoin wallet. Before fintech, he held analyst roles at companies including NordWest Energy and Evli Bank PLC, accumulating years of experience in the financial and tech sectors. He graduated from the University of Exeter and the Higher School of Economics. Based in Estonia, he has consulted for firms navigating European AML regulations. Disclaimer: George has direct involvement with fintech companies that could be influenced by European AML regulations.