Ex-SEC Chief: Bitcoin Companies Need Compliance To Succeed
The former Securities and Exchange Commission (SEC) chairman Arthur Levitt discussed the evolving regulatory landscape for bitcoin companies and the commission's ability to keep up with fast-paced technological changes in a wide-ranging interview on Bloomberg TV yesterday. Levitt, who is the SEC's longest-serving chairman, became one of the highest-profile figures from the world of financial regulation to enter the cryptocurrency space when he announced that he was joining BitPay and Vaurum as an advisor two days ago. In the Bloomberg TV interview, Levitt said he had been approached by six....
Related News
Taking a proactive approach, Kraken has appointed Howard Bernstein, the ex-CCO of Merriman Capital as the new Chief Compliance Officer. The company says the appointment will help it as Bernstein is someone who comes with similar background, can anticipate the evolving regulation around Bitcoin and to help ensure it is regulated in a way that protects consumers while allowing the game-changing Bitcoin ecosystem to flourish. The announcement from Kraken says: “Today we’re pleased to announce a great new addition to the team, who will help us advance our proactive approach. Howard Bernstein....
Coinfirm estimates that RegTech can reduce compliance costs for financial services companies by as much as 50 percent. RegTech may be “the next big thing” in fintech as digital currency and blockchain startups bump up against new government regulations, resulting in an increase in the demand for legal compliance information that will help companies navigate regulatory requirements and conduct risk assessments. Banks and other financial institutions are also looking for cost-effective ways to assess the risks of using new blockchain technologies in different jurisdictions and to modify....
Melissa Strait will take charge of Coinbase's compliance initiatives ahead of its planned public listing.
BitGo has hired a former Coinbase compliance officer following a $98,000 settlement with the U.S. Treasury. BitGo, a major digital asset custody and security company, has hired a former compliance executive of Coinbase.Jeff Horowitz, Coinbase’s former chief compliance officer, is joining BitGo as its new chief compliance officer, the firm announced Jan. 13. Horowitz joins BitGo after serving the same role at Coinbase since July 2018.The new exec will be replacing BitGo’s former CCO Matt Parrella and will oversee the company’s compliance and Anti-Money Laundering programs to ensure....
PowerBet.io is one of the companies who is expected to succeed. The site specializes in Sports Betting and covers a wide variety of sports, offering in-play betting, with more live events than any other bitcoin sportsbook. Today, Sports betting with Bitcoin is becoming a popular option for online betting. As the industry advances and more companies are joining the market, only a few will succeed as leaders in the Bitcoin gambling industry. PowerBet.io is one of the companies who is expected to succeed. The site specializes in Sports Betting and covers a wide variety of sports, offering....