Coinbase Appoints Compliance Chief in Quest for Legitimacy

In a weblog put up as we speak (July 31st), Coinbase President and COO, Asiff Hirji, has introduced the appointment of a Compliance Chief Officer. Jeff Horowitz has a profession in compliance, and joins from Pershing, the place he was the Managing Director and World Head of Compliance. Hirji wrote:

“As Coinbase — together with the cryptocurrency area as an entire — grows and matures, continued regulatory compliance throughout all of the various jurisdictions globally might be important. Jeff’s appointment builds on the inspiration laid by our chief authorized and danger officer, Mike Lempres, who will now focus his sources completely on main our authorities relations efforts. Hiring Jeff is recognition on our half that navigating compliance complexities on a world scale requires a concerted, cross-functional effort, guided by leaders with expertise that spans coverage, monetary companies, and company governance.”

The transfer represents Coinbase’s subsequent step in direction of turning into a licensed dealer supplier. Solely two weeks in the past, the agency introduced that the Monetary Trade Regulatory Authority (FINRA) had authorized the acquisitions of Keystone Capital Corp., Venovate Market and Digital Wealth LLC, which have paved the way in which for the applying course of within the first place. Now, this extra, public assertion has absolutely signalled that approval to checklist tokens as securities is imminent – though there have been no official feedback from the regulator. Hirji added:

“Including Jeff to our workforce is yet another essential step alongside this journey. His expertise, imaginative and prescient and judgment might be extremely beneficial as we proceed to develop into new markets, and add new companies resembling Coinbase Custody and our not too long ago introduced acquisiton of a licensed dealer supplier.”

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