Electric Coin Company July 2021 Newsletter

ECC welcomes Schutzman, head of regulatory relations

We are absolutely thrilled to announce that Jessica Mila Schutzman is the new Head of Regulatory Relations for Electric Coin Co. (ECC). She’s a seasoned, multi-lingual strategic advisor with international expertise in due diligence, regulatory compliance, law enforcement, and business success.

As Director of Financial and Cyber Investigations for the District Attorney of Ulster County, New York, she investigated and prosecuted financial crimes, including money laundering and cybercrime. As a C-suite executive and international risk specialist, she managed a European-licensed financial services company with a wide range of internationally regulated clients — executing trustee, company management, and regulatory compliance functions, often in crisis situations.

Here’s a quick Q&A with Jessica:

How would you define your role at ECC?
Cryptocurrencies, especially those focused on privacy and security, are under tremendous threat from regulators, law enforcement, and businesses that want to transact in crypto as legitimate payment, but don’t know how best to do it. They each have their own language and all too often aren’t successful creating positive consensus on the vast societal benefits of crypto. I’ve spent time in each of these domains and can facilitate and balance conversations and action plans between the players — mitigating misconceptions and accelerating market penetration for Zcash.

You are CipherTrace-certified and you understand — perhaps better than most — how new financial tools like Bitcoin and Zcash are being used. How does your work as an investigator and prosecutor shape your views on privacy?
The use of fiat currencies far outweighs the use of cryptocurrencies for criminal activity. According to the UNODC, “the estimated amount of money laundered globally in one year is 2-5 percent of global GDP, or $800 billion-$2 trillion in current US dollars.” By contrast, the criminal share of cryptocurrency is falling and based on 2020 figures stands at just 0.34 percent. Clearly, the majority of Zcash users are not engaging in criminal activity and instead use Zcash for legitimate purposes. I have deep experience protecting people’s constitutional rights — including the rights that protect the sanctity of one’s home and/or person. For me, legitimate financial transactions on the blockchain require similar protections. I believe in Zcash’s mission and I am very much looking forward to helping the ECC team negotiate these complex global waters.

Welcome, Jessica!

We’re giving away three pairs of Zcash Zneakers

Welcome new newsletter subscribers! We’re happy to have you here, and we’re happy to give away a few pairs of Zcash Zneakers. Respond to the following for a chance to win:

Name 3 benefits of Zcash upgrading to the Halo2 proving system.

Tweet your answer and tag @ElectricCoinCo to be entered to win! You don’t Tweet? No, problem, simply email [email protected].

We’ll pull three winners at random from all correct responders. All newsletter subscribers are eligible, new and old.

Good luck!

Posters of the month

Privacy protects a lot. Privacy is a human right. This month we’re making a series available. Print them, post them, or send them to a friend.

Download the posters

ECC hiring for multiple positions

Help us empower economic freedom all over the world. Work on Zcash- and privacy-related projects with a team of scientists, researchers, marketers and software developers who are passionate about building inclusive financial systems.

See open positions

Stay tuned to ECC channels

The next few weeks are going to be news-heavy for ECC and our work on Zcash/ZEC and economic freedom. Be sure to follow us on Twitter and FTX (formerly Blockfolio) to get all the latest as it happens.