OKCoin has named its chairman Hong Fong because the cryptocurrency alternate's new chief govt. Introduced Friday, Fong, who additionally serves as
OKCoin has named its chairman Hong Fong because the cryptocurrency alternate’s new chief govt.
Introduced Friday, Fong, who additionally serves as the corporate’s chief working officer, will change present chief govt Tim Byun from March 31. She’s going to lead an effort to additional develop the agency’s crypto buying and selling merchandise for purchasers in additional U.S. states, as effectively throughout Asia and Europe.
Byun will transfer to a task as world authorities relations officer (GGRO) of the alternate’s mother or father firm OK Group. There, he’ll concentrate on world development 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 cash laundering (AML) officer and head of credit score settlement danger at Visa for over 5 years, in line with his LinkedIn profile.
“As a foremost regulatory professional within the crypto business, Tim Byun will tackle the brand new GGRO function,” a spokesperson at OK Group advised CoinDesk. “We will higher leverage his experience throughout all models 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 trading in 2017.
Fong joined the corporate in September. She most not too long ago led the funding portfolios and strategic development 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, based mostly in New York.
Byun helped San Francisco-based OKCoin open its first U.S. workplace in 2017 and supervised its operations within the nation. Since then, the alternate has obtained a cash transmitter license from a number of states and provided fiat-crypto buying and selling companies to native clients.
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