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Coinbase Cryptocurrency Exchange Hires New Chief Compliance Officer

This generally is a signal that Coinbase is paying shut consideration to the foundations governing virtual property.

On July 31, Coinbase announced the hiring of finance veteran Jeff Horowitz as leader compliance officer (CCO). This morning, some information retailers mistakenly reported that Horowitz is Coinbase’s first CCO. In fact, Martine Niejadlik served as Coinbase CCO from November 2013 till her resignation in February 2015 when she reportedly left the corporate to be a full-time mum or dad. However, in step with Post Oak Labs’ founder Tim Swanson, she resigned amid scandal:

Although it can be true that Niejadlik left Coinbase to spend extra time along with her circle of relatives, it is usually true that she resigned when Coinbase used to be beneath heavy scrutiny. In January 2015, the New York Times reported that Coinbase were falsely promoting itself because the country’s first regulated bitcoin change prior to it had secured the essential licenses to function in New York or California. Furthermore, the Washington Free Beacon reported in February 2015 that Coinbase had informed buyers virtual forex may well be used to sidestep world sanctions (when Niejadlik used to be on the corporate).

Hiring a brand new leader compliance officer may sign that Coinbase is redoubling its efforts to concentrate on law and play by means of the foundations.

Readers might understand that FINRA not too long ago approved Coinbase’s acquisition of 3 corporations, together with broker-dealer Keystone Capital, in June as a part of its try to develop into known as a federally sanctioned securities buying and selling platform. 

Nathan Graham is a full-time personnel author for ETHNews. He lives in Sparks, Nevada, along with his spouse, Beth, and canine, Kyia. Nathan has a keenness for brand spanking new era, grant writing, and brief tales. He spends his time rafting the American River, taking part in video video games, and writing.

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