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.
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BitMEX hires chief compliance officer following U.S. money laundering charges
Notably, the new compliance officer is expected to bring expertise on the Financial Action Task Force’s recommendations for virtual asset service providers
Global Digital Finance’s Anti-Money Laundering Working Group advisory council Malcolm Wright is now the chief compliance officer of troubled crypto derivatives exchange’s BitMEX operator.
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The BitMEX cofounders may be out, but their bios are still up on the exchange's website (Photo: BitMEX)BitMEX’s Samuel Reed released on $5M bail
The cryptocurrency derivatives exchange’s CTO was one of four executives arrested on Oct. 1, when criminal and civil charges alleging insufficient money laundering protections were unsealed
Under the terms of his bail, Reed had to put up $500,000 in cash. In addition, both he and his wife had to surrender their passports. He can only travel in New York, Massachusetts, and Wisconsin, with parole office approval.
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Arthur Hayes out at BitMEX
With its three co-founders under indictment for money laundering in the U.S., the Seychelles-based cryptocurrency derivatives exchange has dumped its leadership
CEO Arthur Hayes and co-founders Benjamin Delo, and Samuel Reed, as well as head of business development Gregory Dwyer, have stepped down after the U.S. Department of Justice indicted them for violating the Bank Secrecy Act and conspiring to violate the Bank Secrecy Act. The charges are based on what prosecutors say are deliberately weak and inefficient customer identification procedures.
