OKCoin has named its chairman, Hong Fang, because the cryptocurrency change’s new chief govt.
Introduced Friday, Fang, who additionally serves because the San Francisco-based firm’s chief working officer, will exchange present Chief Government Tim Byun as of March 31. She’s going to lead an effort to additional develop the agency’s crypto buying and selling merchandise for patrons in additional U.S. states, as nicely throughout Asia and Europe.
Byun will grow to be world authorities relations officer (GGRO) of the change’s guardian firm, OK Group. There, he’ll deal with world progress and sustaining communications with governments and regulators internationally.
Previous to his time at OK Group, Byun was chief compliance officer for BitPay. Earlier than that, he served because the anti-money laundering (AML) officer and head of credit score settlement threat at Visa for over 5 years, based on his LinkedIn profile.
“As a foremost regulatory professional within the crypto business, Tim Byun will tackle the brand new GGRO position,” a spokesperson at OK Group instructed CoinDesk. “We will higher leverage his experience throughout all items of enterprise throughout the group.”
Initially based in China, OK Group has quite a lot of crypto and blockchain companies together with buying and selling, enterprise blockchains and mining. It has shifted towards blockchain know-how within the county for the reason that Chinese language authorities banned crypto buying and selling in 2017.
Fang joined the corporate in September. She most not too long ago led the funding portfolios and strategic progress at Big Community, a Chinese language gaming firm.
She comes with eight years of expertise at Goldman Sachs, the place she was centered on mergers and acquisitions, capital markets and restructuring, primarily based in New York.
Byun helped OKCoin open its first U.S. workplace in 2017 and supervised its operations. Since then, the change has obtained a cash transmitter license from a number of states and supplied fiat-crypto buying and selling providers to native clients.
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