CoinCorner, one of the UK’s leading cryptocurrency exchanges, has appointed a former banking regulator to its senior management team.
Chris Wilson joins the exchange as Head of Compliance, a new role created to aid the ongoing expansion of CoinCorner’s services.
With over 20 years’ experience in the international financial services industry, Chris has held positions with a financial services regulator and in the e-gaming, life assurance, and fiduciary and trust sectors. He brings invaluable and comprehensive knowledge of complex financial and regulatory issues to the exchange.
CoinCorner has operated in the cryptocurrency space since 2014. Its team, led by CEO and Co-Founder Danny Scott, has continually advocated for the introduction of regulation in the industry. CoinCorner 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.
‘I am excited to join the CoinCorner team as Head of Compliance, especially at such a crucial time for regulation of the cryptocurrency industry’, Chris commented.
‘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.’
Danny said of Chris’s appointment: ‘We’re delighted to have Chris onboard at CoinCorner and look forward to see him develop this new role. As Head of Compliance, he will be responsible for all aspects of our compliance procedures, including legal and regulatory requirements such as anti-money laundering and counter-terrorism.’
‘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.’
CoinCorner offers Bitcoin, Ethereum, Litecoin and Ripple (XRP) and supports customers in more than 45 countries
Contributed | what does this mean?