Japan FSA strengthens cryptocurrency exchange regulation to prevent another heist

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On Monday 7th May 2018, one of the world’s leading cryptocurrency trading platform, Bitfinex has announced that Peter Warrack has taken charge as Chief Compliance Officer [CCO] of Bitfinex. Peter Warrack was the former Director of AML and Compliance Officer at the Bank of Montreal.

Peter Warrack is a reputed expert in major crime investigation, anti-money laundering, and terrorist financing detection and prevention. He has got more than 30 years of experience in detection and prevention of economic crime in the modern world.

Peter Warrak has also served in the military intelligence as a Senior Officer. He has worked in the Police Service of Northern Ireland. Apart from this, he had held a senior position in the Royal Bank of Canada [RBC].

Peter Warrack’s appointment as the CCO of Bitfinex was intended to help the trading platform grow and prosper with the knowledge and experience that he has in the financial sector which can be used to make sure that Bitfinex continues to cope up with all relevant regulatory compliance standards laid out by the government.

Bitfinex is the leading provider of advanced trading features like charting tools, peer-to-peer financing, OTC and margin trading across several cryptocurrencies for the world trading market. Bitfinex has got a daily trading volume of more than $1.2 billion.

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Chief Executive Officer of Bitfinex, Jean-Louis van der has said that:

 “They are exceptionally excited to have Peter join Bitfinex. His knowledge and experience together with their shared belief in blockchain technology while playing a leading role in the future of the economy of the world. Peter Warrack would be an unique and valuable talent for our team.”

The new CCO of Bitfinex, Peter Warrack says:

“I am incredibly excited to be joining Bitfinex as CCO. As a longtime advocate of blockchain technology and the integration of token markets into the mainstream, I hope to be a valuable asset to Bitfinex moving forward and to help facilitate the continued expansion of their service offering to professional and institutional traders by ensuring the highest standard of regulatory compliance”

- https://cryptohere.xyz/japan-fsa-strengthens-cryptocurrency-exchange-regulation-to-prevent-another-heist/