"A life lesson that is important to me is that it takes a village to raise a child and this goes double for a company."
John Fenga is the CEO and founder of TDCR, which is launching a regulated, secure cryptocurrency payment rail that will facilitate faster, cheaper, and more secure cryptocurrency transactions to be accepted worldwide. With a career as a technology entrepreneur disrupting various industries that has spanned over nearly 30 years in Fintech, Healthcare and Entertainment, John has developed systems to assist organisations in gaining efficiency through adopting enterprise wide solutions streamlining the way they do business.
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Table of Contents
Thanks for doing this interview with us! Could you tell us how you first got involved in the Regtech or Crypto markets?
John Fenga: I first started getting involved in the crypto world in 2014 when I was looking for an alternative to traditional banking. At the time, I was developing an international funds transfer business and started to become interested in the concept of digital currency but felt that it was not ready to become a mainstream solution. However, it wasn’t until 2019 that I really got involved in the industry and started developing the solution we now know as TDCR – The Digital Currency Reserve.
What are the five ways that Regulation and Regtech can help stabilize the Crypto Economy?
John Fenga: 1. Regulation and Regtech can help to create a level playing field for all market participants.
2. Regulation and Regtech can provide clarity and certainty around the rules of the game, helping to reduce speculation and uncertainty.
3. Regulation and Regtech can help to protect investors by ensuring that only legitimate projects are able to raise funds.
4. Regulation and Regtech can help to reduce the risk of fraud and financial crimes by increasing transparency and accountability.
5. Regulation and Regtech can help to build trust and confidence in the system, which is essential for its long-term success.
What are the top things that crypto firms should think about so they can be more competitive?
John Fenga: In order to be more competitive, crypto firms should think about the future of regulation and how Regtech can help them In a current climate of questionable business acts, They should also focus on security and transparency to build trust with investors.
What are some things you do to protect your data from being stolen or accessed by unauthorized people?
John Fenga: We take security seriously. We have an in country KYC inlace that ensures that customers belong to the correct market and their data is stored in country within the local Reserve We also have stored customers under an anonymous account format with layers of secure encryption. just to name a few.
Can you share a story of a time when things did not go your way? What helped you to keep going and to overcome that difficulty?
John Fenga: Despite our best efforts, there have been instances where we simply could not continue working, – when Melbourne had the longest lockdown in the world due to the COVID pandemic it made the construction, creative development and workshopping of ideas almost impossible and it almost broke us. In response, we self funded and sacrificed a number of creature comforts in order to get to a point where we could continue. We have also worked hard to build trust with our investors by being transparent about our successes and failures. This approach has helped us to overcome difficulties and continue growing as a company.
What are some things you do every day, even if you’re busy?
John Fenga: I make time to exercise, keep up to date with current affairs and spend time with my daughter. These are all things that are important to me and help make sure that I am balanced and happy. Even on the busiest of days, I make sure to fit these things in so that I can stay sane!
Which upcoming conferences are you most looking forward to?
John Fenga: I am really looking forward to NFT NYC Conference, Consensus 2022 and the NYC Blockchain Networking Event. I think these will be great opportunities to network and learn about the latest developments in the NFT and Blockchain spaces. I’m also excited to meet other like-minded people who are passionate about this technology.
Can you please share with us a life lesson that is important to you? How has that lesson been relevant in your life?
John Fenga: A life lesson that is important to me is that it takes a village to raise a child and this goes double for a company. We can’t do everything on our own and we need to rely on others for help and support. This lesson has been relevant in my life when I’ve faced challenges like losing connection with my support team during Covid. I now make sure to keep my lines open and try and workshop all suggestions and ideas, even if I do not like them.
If you could start a movement that would help a lot of people, what would that be?
John Fenga: TDCR!
Jerome Knyszewski, VIP Contributor to ValiantCEO and the host of this interview would like to thank John Fenga for taking the time to do this interview and share his knowledge and experience with our readers.
If you would like to get in touch with John Fenga or his company, you can do it through his – Linkedin Page
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