- Kraken has appointed passe Global Frequent Counsel as ideal chief
- The alternate lately won an EU MiFID license for regulated shopping and selling
- With the recent ideal chief, Kraken targets to navigate US regulatory challenges
Kraken has appointed Ben Grey, passe Global Frequent Counsel at Paxos, as its recent Chief Acceptable Officer.
The news comes a day after securing a Markets in Monetary Devices Directive (MiFID) license.
This strategic pass comes because the cryptocurrency alternate targets to navigate the extra and extra complicated regulatory landscape whereas rising its offerings within the European market.
A effectively timed appointment
Kraken’s resolution to bring Grey on board is considered as a serious step towards strengthening its ideal and compliance framework.
Grey’s deep experience within the cryptocurrency sector, in particular from his tenure at Paxos where he managed ideal, compliance, and endeavor menace, positions him perfectly to lead Kraken through its latest regulatory challenges.
His background moreover comprises working with Binance, showcasing his versatility in facing the multifaceted ideal problems internal the crypto industry.
The timing of Grey’s appointment would possibly per chance maybe maybe well no longer be extra indispensable. Kraken has been below scrutiny from regulators, particularly from the US Securities and Substitute Commission (SEC), which accused the alternate of working as an unregistered securities platform.
With this ideal battle within the backdrop, Grey’s leadership in ideal affairs is anticipated to be instrumental in navigating these challenges. His characteristic will encompass overseeing Kraken’s ideal approach, guaranteeing compliance, and managing endeavor risks, all of that are indispensable for the corporate’s operations both within the US and foreign.
In the legitimate announcement of the appointment of Grey, Kraken’s co-CEO Arjun Sethi expressed enthusiasm about Grey’s addition to the leadership personnel, emphasizing his characteristic in scaling the alternate and preventing for regulatory clarity.
Sethi’s comments replicate a broader imaginative and prescient where Kraken no longer finest seeks to lengthen its geographical footprint, nonetheless moreover targets to state industry requirements for security, innovation, and compliance. This imaginative and prescient is in particular relevant in Europe, where Kraken sees colossal development capacity and where regulatory compliance can act as a competitive edge.
