Cryptocurrency exchanges are of great interest to a lot of people. CoinCorner is one of the leading companies in UK’s Bitcoin ecosystem. The firm is currently expanding its staff. Hiring a former banking regulator is a good start. Chris Wilson brings a lot of knowledge and expertise to the table.
For cryptocurrency companies, having the right expertise is critical. This is especially true while regulatory measures remain painfully absent. In the United Kingdom, Bitcoin regulation is not something that will occur soon. As such, trading platforms need to take matters into their own hands. CoinCorner is doing exactly that by appointing Chris Wilson as its latest senior management team member.
A Smart Move by CoinCorner
Wilson will serve as the company’s Head of Compliance. This is all part of CoinCorner’s ongoing plan to expand their cryptocurrency-related services. Wilson knows the financial services industry inside and out, which makes him invaluable for companies such as CoinCorner. His expertise can elevate the company to a whole new level.
CoinCorner’s Chris Wilson adds:
‘I am excited to join the CoinCorner team as Head of Compliance, especially at such a crucial time for regulation of the cryptocurrency industry. CoinCorner’s compliance culture is very impressive and deeply embedded throughout the organization. I will be responsible for helping the team to navigate the ever-changing compliance landscape and ensure the highest possible standard of regulatory compliance.’
This move is not a very big surprise. Various crypto exchanges are hiring key personnel to beef up their compliance standards. It is only normal companies such as CoinCorner take their proper precautions in this regard. All of these developments will bring more legitimacy to the cryptocurrency industry over time. That in itself can prove to be invaluable first and foremost.