Huobi, a well-known Singapore cryptocurrency exchange, hired a senior specialist from the American Global Bank to improve regulatory compliance and cooperate with government regulators, as reported by the CoinDesk news agency.
Elaine Sun Ye Lin, former head of compliance in the Chinese branch of State Street, joined Huobi a month ago. As it became known, her new position is the "compliance director".
Huobi and cooperation with government financial regulators
As it became known after the comments of Jiayi Li, a representative of Huobi, Ellen will help the exchange to enter the world market in accordance with all legal regulations, regulatory requirements and regulatory rules of trade.
According to the representative of the exchange, top management replenishment has become necessary, as the world's financial regulators are paying more and more attention to the crypto-sphere. By hiring an experienced financial regulatory officer, Huobi hopes to replicate the experience of successful crypto-companies in working with government regulators.
"We are delighted to welcome Elaine to the Huobi family. Her experience in regulatory compliance and experience in traditional financial markets will certainly be an advantage for our company (...) we strive to ensure compliance with all rules and laws in orderOrder
– automatic application to buy or sell cryptocurrency. Orders are used during trading on the stock exchange to open and close a position. Details to work honestly with regulatory authorities in different countries." – Fu Liting, HR director of Huobi Group.
According to LinkedIn's official profile, Elaine Sun Ye Lin previously worked on State Street at Global Bank (6 years), as well as in the Shanghai branch of OCBC Bank.
Crypto-based Huobi company hired a specialist from Global Bank USA – this is not the first example of such a "collaboration". Now, already several world-famous crypto-exchanges have replenished their teams with specialists from the "traditional" finance sphere. For example, last year, Coinbase began working with several Wall Street executives, Brian Brooks and Chris Dodds.
Editor: Alyona Nabok