Coinbase appoints chief compliance officer

Posted 31 July, 2018

US-based Coinbase is said to create a new position – Chief Compliance Officer. The platform also intends to become a regulated broker-dealer in the USA.

The company stated that the new position was given to Jeff Horowitz, citing his vast experience of the work in banks and regulatory institutions.

"Adding Jeff to our team is one more important step along this journey. His experience, vision and judgment will be incredibly valuable as we continue to expand into new markets, and add new services such as Coinbase Custody and our recently announced acquisition of a licensed broker-dealer," the company statement reads.

For reference, Jeff Horowitz has almost 12-years experience in leading the compliance department at Pershing LLC, a BNY Mellon Company. Besides, he also worked with  Citigroup and Goldman Sach as a manager of AML and compliance strategies.

It is worth mentioning that Horowitz also managed to take part in the development of the regulation for the US financial sector, cooperating with Financial Crimes Enforcement Network and the Financial Industry Regulatory Authority (FINRA).

This position has been established just after the company started offering custody services to institutional investors. Besides, the exchange targets broker-dealer status in the US market. Earlier, it was reported that SEC had greenlighted the exchange for acquisition of broker-dealer companies, but later the company rejected such statements.

Previous story

01 August, 2018 11:32

← US dollar posts gains on upcoming US Federal Reserve decision

The US dollar strengthened at the Asian trading in the middle of the week driven by upcoming results of the US Federal Reserve meeting. The majority of experts believe that the Central Bank is unlikely to revise the rate this time. In addition, the players are also concerned about the rumours that Donald Trump's advisors are considering a launch of higher duties on Chinese products worth $200 billion (up to 25% instead of 10%).

US dollar posts gains on upcoming US Federal Reserve decision

Next story

31 July, 2018 12:38

Euro stronger, market wait for euro-area reports →

The euro has increased on Tuesday driven by the anticipated GDP and euro-area inflation reports. The euro-to-US dollar exchange rate went up to 1.1727, following the Monday strengthening. Positive dynamics was recorded in the euro-to-yen rate, which reached 130.74. The euro-area is expected to post slower GDP growth in Q2, while the core inflation is likely to remain unchanged.

Euro stronger, market wait for euro-area reports
Write a comment
 
Prove you’re not a bot + 8 = 23