Bitcoin Exchange Kraken Hires Financial Law Veteran as General Counsel
Kraken, one of the largest bitcoin exchanges in the world has announced the appointment of Edward Stadum, a lawyer and fintech advisor with over five decades of legal experience and insight into international law. Global Bitcoin exchange Kraken has hired Edward M. Stadum as its General Counsel. Stadum will provide opinion and specialist advice for the crypto-exchange’s expansion plans globally, with a focus on best business practices, corporate governance, finance, strategy, acquisitions, and finance. Stadum leaves his post as US General Counsel to Fidor Bank, an innovative online direct....
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ItBit has hired former New York State Department of Financial Services (NYDFS) general counsel Daniel 'Danny' Alter as its general counsel and chief compliance officer. The three-year veteran of the NYDFS was involved in the formation of the New York BitLicense, the controversial licensing regime for digital currency businesses seeking to serve consumers in the US state, before departing in February. The move is perhaps surprising given the originally skeptical outlook on the technology Alter voiced at the New York BitLicense hearings in early 2014. At the two-day event, Alter was perhaps....
In April, Bitcoin Magazine reported that Bitcoin exchange itBit had filed for a banking license in New York. Later in May, itBit was granted a trust charter by the New York Department of Financial Services (NYFDS) under New York State banking law, the first such charter granted to a digital currency company by the NYDFS. ItBit also announced the successful completion of a $25 million Series A funding round. On September 2, itBit announced the appointments of Daniel "Danny" Alter as the company's new general counsel and chief compliance officer, and Kim Petry as chief financial officer.....
Kraken has hired Edward Stadum from Fidor Bank to help oversee the increasingly complicated legal work related to running a global digital currency exchange. In interview, Stadum said he left the Germany-based Fidor on good terms, explaining that his new position overseeing Kraken’s legal work in Asia, Europe, the US and beyond stands to benefit both companies. He told CoinDesk: "There’s a very important working relationship that involved Fidor providing banking account support to Kraken customers in the EU. And that’s important business for them both." Stadum will work....
The announcement came in the wake of Kraken’s plans to strengthen its position in international markets. Bitcoin and Ethereum exchange Kraken today announced that it has appointed Edward M. Stadum as its new General Counsel. The announcement came in the wake of Kraken’s plans to strengthen its position in international markets. Stadum, who has a collective experience of more than 50 years as a banker, lawyer and venture capitalist, has been appointed for his expert insight which, according to CEO Jesse Powell, could serve Kraken well in developing its presence in the North American and....
Editor’s Note: This article has been modified to correct some factual inaccuracies. ItBit is not governed by BitLicense, it operates in the state of New York under a trust charter. Following the path of his colleague Benjamin Lawsky, former New York Department of Financial Services general counsel Daniel Alter has moved into the private sector, joining itBit as the Bitcoin exchange’s general counsel. This former NYDFS regulator will also work as itBit’s Chief Compliance Officer. In these new positions, Alter will play an ‘active role’ in working with regulators as they seek to inform their....