Former COO of Gemini Trust Becomes CCO of Regulator-Challenged Coin An

02/14/2023 01:41 • AI & Tech Insights • 159 views

It is reported that Noah Perlman, the former chief operating officer of Gemini Trust, has started to serve as the chief compliance officer of Coin An, which is currently facing increasingly serious regulatory challenges. Perlman began to work in Qian’an in January this year.

Bloomberg: Gemini Trust’s former chief operating officer joined Coin as chief compliance officer

Interpretation of the news:

Noah Perlman’s decision to join Coin An as its new chief compliance officer is a significant development in the cryptocurrency industry. His appointment comes at a time when the regulatory landscape for digital assets is becoming increasingly complex and challenging. Coin An, a Hong Kong-based cryptocurrency exchange, has been on the receiving end of multiple regulatory notices from different authorities.

Coin An is one of the many cryptocurrency exchanges that are facing regulatory scrutiny for operating without proper licenses or permits. Coin An has been scrutinized by different regulatory agencies, including the Hong Kong Securities and Futures Commission. The Hong Kong watchdog issued a warning against Coin An in February 2021, citing that the company offered crypto trading services without a license.

The appointment of Perlman as CCO of Coin An could signify that the company is taking necessary steps to improve its compliance efforts amidst heightened regulatory pressure. Perlman, who previously worked as the COO of Gemini Trust, brings with him a wealth of experience and expertise on compliance and regulatory issues in the cryptocurrency industry. Gemini Trust is a regulated cryptocurrency exchange in the United States and was one of the first crypto exchanges to earn a BitLicense from the New York State Department of Financial Services.

Perlman’s role as CCO of Coin An would entail overseeing regulatory compliance policies and procedures for the company. He would be responsible for ensuring the company complies with all relevant laws and regulations. His appointment could also lead to increased transparency and accountability within the company, which could eventually help rebuild trust with both regulators and customers.

In conclusion, Perlman’s appointment as CCO of Coin An is significant, considering the regulatory challenges faced by the company. It shows that Coin An is taking necessary steps to navigate the complex regulatory landscape for digital assets. Perlman brings with him valuable experience and expertise that could help the company improve its compliance efforts. This development could potentially benefit the cryptocurrency industry as a whole by setting a higher standard for regulatory compliance among digital asset exchanges.

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Former COO of Gemini Trust Becomes CCO of Regulator-Challenged Coin An

Bloomberg: Gemini Trust’s former chief operating officer joined Coin as chief compliance officer

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