In this episode Shota Natenadze, the founder of Flexicheck, comes on to talk about his AI-powered compliance decision engine for crypto asset service providers and token issuers. The discussion begins with the evolving role of white papers in crypto, shifting from technical roadmaps to critical regulatory documents due to new regulations like the EU’s MiCA (Markets in Crypto-Assets Regulation). Shota explains how Flexicheck leverages AI to automate white paper generation, helping token issuers meet compliance requirements efficiently and affordably, a process that traditionally costs $40,000 and six weeks through law firms. The service also aids centralized exchanges by fast-tracking token listings without compromising compliance, addressing delays that hinder market opportunities.
Shota shares his journey into crypto, sparked four years ago by the need to send money from the UK to Georgia, leading him to explore XRP and USDT. His professional experience at the Cato Institute’s regulatory think tank deepened his focus on crypto regulation. The conversation explores how regulators, driven by crypto’s growing $3 trillion market and institutional adoption, are increasingly scrutinizing project websites and white papers for transparency and risk disclosure. In the EU, MiCA mandates such documentation, while similar standards emerge globally, like the UAE’s VARA and the UK’s financial promotion regime.
The episode highlights the challenges for small or legacy projects—like Bitcoin or DigiByte—with outdated white papers, and how Flexicheck bridges this gap. Shota predicts a standardized, regulation-friendly future for crypto, reducing uncertainty seen in past U.S. SEC actions against projects like Ripple. The podcast, sponsored by Coin ATM Radar, emphasizes practical crypto solutions, aligning with Flexicheck’s mission to simplify compliance in a rapidly maturing industry.