What if bitcoin had its own capital markets infrastructure?

In this special episode of DACOM Digital’s Compliance Champions, Delphine Forma is joined by Alfonso Martel Seward, Chief Compliance and Legal Officer at Ruxum, to discuss building a global, BTC-denominated exchange ecosystem.

Alfonso, a former criminal prosecutor in Argentina turned crypto compliance leader, walks us through Roxom’s ambitious licensing journey including licenses in El Salvador and in the Seychelles (Securities Dealer license). From decentralized TV studios to mixed BTC-perpetual derivatives, the conversation covers:

• The regulatory approach of the CNAD and how it compares with peers
• Why Seychelles requires in-person inspections pre-licensing
  
• Market abuse safeguards without EU-style MAR frameworks
  
• Creating public-private partnerships with law enforcement
  
• Why social engineering and industrialized money laundering are rising threats
  
• What’s next for LatAm crypto regulation in 2026
  
  

Alfonso also shares insights from working with Interpol, the FATF, and the U.S. Department of Energy on nuclear non-proliferation risks in crypto.

For anyone interested in how criminal law, compliance infrastructure, and crypto innovation intersect this episode is not to be missed.