Business 1 August 2018

Dan Taylor

Regulation veteran Jeff Horowitz to oversee Coinbase crypto compliance

Coinbase has appointed Jeff Horowitz as chief compliance officer, as the cryptocurrency exchange and wallet firm moves increasingly towards expansion into regulated markets.

Horowitz brings extensive experience to Coinbase, after a lengthy career in mainstream finance with Pershing LLC, part of the BNY Mellon Company. Formerly managing director and head of compliance at Pershing, Horowitz has also served as a banking regulator with the Federal Deposit Insurance Corporation (FDIC), and has sat on a number of high profile regulatory committees include the FINRA Compliance and Advisory Committee.

The move has been welcomed as a means of strengthening Coinbase’s compliance team, following their recent acquisition of a licensed broker dealer.

In a post on the company’s blog, Coinbase CEO Asiff Hirji described the hire as ‘incredibly valuable’ in light of Coinbase’s medium and long term strategy, saying, “Today we are delighted to announce that we have appointed Jeff Horowitz as Coinbase’s Chief Compliance Officer. Jeff joins us after spending close to 12 years at Pershing LLC, a BNY Mellon Company, one of the largest providers of brokerage custody, clearing and settlement solutions in the world.”

“From our earliest days as a company, Coinbase committed itself to being the world’s most trusted and easiest to use cryptocurrency service. Adding Jeff to our team is one more important step along this journey. His experience, vision and judgment will be incredibly valuable as we continue to expand into new markets,” Hirji said.

Horowitz’s appointment also coincides with the company’s broader approach to embracing regulation in the cryptocurrency sector, as well as exploring currently regulated markets. Hirji continued to suggest compliance will become even more important for the sector in future.

“As Coinbase—along with the cryptocurrency space as a whole—grows and matures, continued regulatory compliance across all the varying jurisdictions globally will be critical,” according to the Coinbase chief. “Hiring Jeff is recognition on our part that navigating compliance complexities on a global scale requires a concerted, cross-functional effort, guided by leaders with experience that spans policy, financial services, and corporate governance.”

With over 13 million user accounts, San Francisco-based Coinbase operates in 190 countries globally.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

COMMENT

latest news

CipherBlade share a lesson about crypto theft

Business 24 May 2019

CipherBlade share a lesson about crypto theft

Coinomi have been blamed for losing a customers funds, but a new investigation shows they probably weren’t to blame at all.

Read More
Brazilian police arrest culprits behind $210 million crypto scam

Business 24 May 2019

Brazilian police arrest culprits behind $210 million crypto scam

Brazil has cracked down on a massive pyramid scheme that brought in over 50 thousand victims.

Read More
Russia’s central bank expects crypto regulation bill in spring

Business 24 May 2019

Russia’s central bank expects crypto regulation bill in spring

A member of the Central Bank of Russia says she expects crypto regulations to kick in sometime in the spring of 2019.

Read More
[data-clipboard-demo]
[data-clipboard-demo]
[data-clipboard-demo]
[data-clipboard-demo]
[data-clipboard-demo]
[data-clipboard-demo]
[data-clipboard-demo]
[data-clipboard-demo]
[data-clipboard-demo]
[data-clipboard-demo]