The Seychelles-based exchange has been under severe pressure since the Oct. 1 indictment, when the four executives were charged with violating the Bank Secrecy Act by failing to put an acceptable user identity verification program in place.
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In wake of indictments, BitMEX operator appoints former Börse Stuttgart exec as CEO
Alexander Höptner led Börse Stuttgart as the firm reportedly became European Union’s first traditional exchange operator to become a regulated crypto multilateral trading facility
Höptner led Börse Stuttgart as the firm started offering regulated cryptocurrency trading services inside the European Union, from Germany. The company said it was the European Union's first traditional exchange operator to become a regulated crypto multilateral trading facility.