Coinbase Taps Regulation Veteran for Crypto Compliance Chief

Cryptocurrency exchange Coinbase has announced the appointment of its newest chief compliance officer as it moves to become a licensed broker-dealer in the U.S.

According to a blog post published on Tuesday, the company is tapping the experience of Jeff Horowitz, who joins the firm following decades working for both banks and regulatory bodies.

Horowitz has spent the last 12 years leading the compliance team at Pershing, a BNY Mellon company and also one of the largest providers of brokerage custody. Before that, he worked at Citigroup and Goldman Sachs, as well asĀ the Federal Deposit Insurance Corporation, a self-regulatory organization. All those roles saw Horowitz managing anti-money laundering and other compliance programs.

During his career, Horowitz has also taken efforts to shape financial regulation in the U.S via his involvement with industry associations such as the Financial Crimes Enforcement Network and theĀ Financial Industry Regulatory Authority (FINRA).

Asiff Hirji, Coinbase’s president and chief operating officer, wrote in the blog post:

“His experience managing matters related to broker-dealer regulation, asset custodianship, and AML programs makes him a uniquely qualified leader for our compliance team.”

The appointment comes soon after Coinbase started offering a crypto custody service aimed at institutional investors and is taking steps to become a regulated broker-dealer in the U.S.

The company said earlier this month that FINRA had already approved its acquisition of three licensed broker-dealers, inching the firm a step closer to potentially listing crypto tokens deemed as securities.

Editor’s note: Coinbase originally said Horowitz was its first chief compliance officer. This information has been updated.

Coinbase image via Shutterstock

Related posts

House of Lords Urges UK Government to Explore DLT Adoption

Viking Coin

$160 Million Stuck: Can Parity Still Shake Up Ethereum?

Viking Coin

Bitcoin Prices Bounce Back Above $4,400

Viking Coin

Linux/Unix: Force ssh client to use only password auth authentication when pubkey auth configured

Viking Coin

Singapore Central Bank Reveals 3 New Blockchain Payments Prototypes

Viking Coin

Australian Securities Exchange ‘Considering’ Blockchain Technology

Viking Coin

Buffer I/O error on device fd0, logical block 0 error and simply soultion

Viking Coin

How Bad Was Q1? Just Two Top-Tier Cryptos Saw Gains

Viking Coin

How To Install Docker on Ubuntu 16.04

Viking Coin