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NEW YORK, May 31, 2022 /PRNewswire/ — Fireblocks (www.fireblocks.com), the industry leader and award-winning digital asset and crypto technology provider, announced today it has appointed the former Head of Fintech at the Bank of England, Varun Paul, as its new Central Banking Digital Currency (CBDC) and Market Infrastructure Director. In this new role, Paul will […]
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[Blockchain Today Reporter Ji-eun Lee] The Korea Digital Exchange (CEO Seok-jin Kim, hereinafter referred to as Flybit), the operator of the virtual asset exchange Flybit, commissioned Yohan Oh, Chief Operating Officer, to the Compliance Officer to strengthen the internal control and compliance system. He announced on the 30th that he had been appointed.
In accordance with the Act on the Corporate Governance of Financial Companies, general financial companies are obligated to appoint a compliance officer who is in charge of internal control related affairs, such as checking compliance with internal control standards and investigating any violations of the internal control standards.
Appointed Compliance Officer Yohan Oh has been a founding member of Credit Swiss Securities, a founding member of BNP Paribas Securities, and a founding member of Woori Fund Services of Woori Financial Group after working at Anjin Accounting Firm for the past 26 years. Stacked up.
He has also served as an internal accounting manager, public disclosure officer, global derivatives expert, financial control club representative for foreign securities companies, secretary of the working-level council of office management companies, and planning manager of the CEO council of Woori Financial Group. I am an expert.
In addition to the stable and sustainable growth of the company, it is contributing to the development of similar industries, including the establishment of the Business Rights Act (base law for specific industries), which will be the basis for investor protection and the development of the virtual asset industry, and taxation of virtual assets.
Flybit is also striving to establish an internal control system in order to perform sound and reliable management activities in compliance with laws and regulations. The enacted internal control regulations consisted of ▲internal control organization and standards ▲ stipulation of the roles and responsibilities of the board of directors and management ▲ compliance officers and internal control system operation ▲ matters to be observed when performing duties ▲ establishment and operation of a system to prevent money laundering.
Flybit Compliance Officer Oh Yohan said, “We plan to build the foundation for the anti-money laundering (AML) system and customer identification (KYC), and lay the foundation for a thorough compliance monitoring system, internal control standards, and institutional arrangements, focusing on customer protection and strengthening rights and interests. We plan to continuously recruit professional compliance support personnel.” He added, “We plan to integrate internal control and risk management at the enterprise level and create a sound control environment and culture.”
Meanwhile, Flybit conducted an anti-money laundering (AML) training for its employees in February, and plans to improve the job expertise of employees by establishing differentiated training for each job.
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TORONTO, Feb. 18, 2021 (GLOBE NEWSWIRE) — Routemaster Capital Inc. (the “Company” or “Routemaster”) (NEO: DEFI, GR: RMJR) is pleased to announce it has appointed Teeka Tiwari as Executive Chairman of the Company. Mr. Tiwari, as an investment analyst, is credited as being one of the first experts to explore cryptocurrencies. He writes the most widely read premium crypto newsletter in the world, Palm Beach Confidential, and was voted “The Most Trusted Person in Crypto” in July 2019 when Cindicator polled over 130,000 analysts. Mr. Tiwari is considered to be among the world’s premier cryptocurrency analysts. Mr. Tiwari is commonly referred to as Big T by his followers.
Mr. Tiwari is a former Wall Street executive having started as Lehman Brothers youngest employee at eighteen and becoming the youngest Vice President in Shearson Lehman’s history at twenty. In 2003, he left to start his own small private equity firm that he ran for ten years. In 2005, he co-founded the online investment education company, the Institute For Individual Investors, and in 2013, he joined the Palm Beach Research Group serving as a consultant and editor for multiple crypto and investment newsletters.
“Decentralized Finance is in my opinion, the single biggest world changing, wealth generating trend since the commercialization of the internet,” said Mr. Tiwari. “Routemaster Capital together with DeFi Holdings has a well-articulated vision of how to add the most value to its stakeholders and to the DeFi community as a whole as this massive trend unfolds. I’m thrilled to contribute to Routemaster’s mission of bringing decentralized finance opportunities to retail investors and institutions alike.”
“I am excited to have Teeka Tiwari join Routemaster as Executive Chairman,” said Wouter Witvoet, CEO of Routemaster. “His wealth of experience in crypto and the decentralized finance space will help the Company grow its footprint. His Palm Beach Confidential newsletter, read by over 600,000 subscribers, has made it possible for individuals to understand the markets and get access to unique insights in order to make their investment decisions. As Executive Chairman, Teeka Tiwari will be instrumental in helping the Company identify, navigate and execute on opportunities in decentralized finance.”
About Routemaster Capital Inc.:
Routemaster Capital Inc. is a Canadian company that carries on business with the objective of enhancing shareholder value through building and managing assets in the decentralized finance sector.
For further information, please contact:
Wouter Witvoet
Chief Executive Officer
wouter@defiholdings.ca
Cautionary note regarding forward-looking information:
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the appointment of Mr. Tiwari as Executive Chairman; the Defi Holdings business; the pursuit by Routemaster of investment opportunities; and the merits or potential returns of any such investments. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Coinbase, CEO and Co-Founder, Brian Armstrong announced in a blog today that the company will soon be adding longtime Silicon Valley executive Kelly Kramer to its board of directors. The CEO said that Kramer will primarily hold a role as Chairperson of the Coinbase’s Audit and Compliance Committee.
Kelly Kramer joins the Coinbase Board of Directors following a long tenure at Cisco, where she served as the Executive Vice President and Chief Financial Officer. In this role, she was responsible for managing the company’s financial strategy and overseeing all financial functions, among others.
Prior to Cisco, Kramer was CFO of GE Healthcare Systems and also sits on the board of Gilead Sciences and Snowflake, a data company that went public earlier this year.
Back in late August, Coinbase announced that Marc Andreessen, co-founder, and operating partner at Andreessen Horowitz, one of the world’s leading venture capital firms joined the Coinbase board. Andreessen was followed by Gokul Rajaram, an executive at DoorDash who along with Andreessen will be Coinbase’s new Board members.
Coinbase CEO shared a second update that Marc Andreessen will now transition from Board Observer to Board Director. The CEO believed that the shift would allow Andreessen to take “a more active role as a full-time board member for Coinbase.”
During summer this year, reports surfaced stating that Coinbase had started plans for a stock market listing. Meaning Coinbase could possibly be going public with its own IPO. However, for this to occur, the listing would need US Securities and Exchange Commission’s (SEC) approval. Reuters learned that Coinbase could pursue the listing early next year, if not in 2020.
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Author: Refer to Source Alisha Roy
The Libra Association, the body that manages Facebook’s Libra stablecoin project has hired Saumya Bhavsar, an ex-OCC prosecutor and central bank expert. The organization unveiled this news via an official announcement on November 25, noting that Bhavsar will take on the role of general counsel of Libra Networks, a subsidiary of the Libra Association, which operates the blockchain-based Libra payment system. Reportedly, this appointment is part of the association’s plan to launch a crypto and payments system.
Commenting on her appointment in the announcement, Bhavsar said,
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“I am thrilled to be joining the Libra Association as it progresses toward enabling a more inclusive global financial system. Along with many in the banking industry, I have been watching the Libra project from afar and believe the Libra payment system is poised to transform the industry and enable unprecedented financial innovation and inclusion at a time when we need it most.”
Libra Networks’ managing director, James Emmett noted that Bhavsar is a strategic leader. He went on to add that she has demonstrated her ability to successfully handle legal, regulatory, and operational roles in one of the most highly-regulated sectors. According to Emmett, Bhavsar’s appointment is crucial as it will help launch and manage a compliant payment system.
Bhavsar has joined Libra Networks with 20 years of leadership experience in financial services. Prior to this appointment, she worked in leading US and EU banks and regulatory agencies. Her most recent role was at Credit Suisse, where she served as managing director, global head of regulatory affairs, and group head of data protection.
Other banking roles include managing director at UBS and assistant general counsel and Euroclear Bank. In these capacities, she headed legal that advised on and ensured compliance with cross-border regulations, settlement agreements with US authorities. The teams also handled merger transactions on behalf of the banks. According to the Libra Association, Bhavsar’s vast knowledge in banking, securities and privacy laws topped off with innovative practical solutions have helped define her as a trusted leader, advisor, and strategist.
Apart from being a banking expert, Bhavsar is also knowledgeable in legal, regulatory, and compliance matters. She spent a substantial amount of time working in the public sector, where she worked as a senior attorney in the Enforcement and Compliance division at the US Department of Treasury’s Office of the Comptroller of the Currency (OCC). She also worked in the European Commission and British Parliament.
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