CoinCorner, a UK-based cryptocurrency exchange, has appointed a former banking regulator to its senior management team.
Following a number of questions around the compliance and safety of cryptocurrencies and ICOs, the exchange has appointed Chris Wilson to the newly created role of head of compliance. In the role he will be responsible for all aspects of CoinCorner’s compliance procedures, including legal and regulatory requirements such as anti-money laundering and counter-terrorism.’
Wilson brings over 20 years’ experience of working in the international financial services industry, having hele positions with a financial services regulator and in the e-gaming, life assurance, and fiduciary and trust sectors.
He said: “I am excited to join the CoinCorner team as head of compliance, especially at such a crucial time for regulation of the cryptocurrency industry’. CoinCorner’s compliance culture is very impressive and deeply embedded throughout the organisation. I will be responsible for helping the team to navigate the ever-changing compliance landscape and ensure the highest possible standard of regulatory compliance.’
Founded in 2014, CoinCorner is an Isle of Man based crypto exchange and wallet provider, whose aim is to increase the global adoption of cryptocurrency by providing easy to use technological solutions.
Led by CEO and Co-Founder Danny Scott, the company offers Bitcoin, Ethereum, Litecoin and Ripple (XRP) and supports customers in more than 45 countries.
CoinCorner recently helped the Isle of Man Government to draft a legal framework and guideline for crypto-related businesses, and was the first crypto company to be awarded Designated Business status. The exchange is registered and overseen by the Isle of Man Financial Services Authority.
Scott added: “‘It’s the perfect time for Chris to join us as the world is watching, waiting to see how and when cryptocurrency will be regulated. At present, regulation is being handled on an individual, country-by-country basis. The Isle of Man Government took the position of fully supporting the industry a number of years ago, and this has proven to be the right move given the levels of economic benefit companies like ourselves contribute.”
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
