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Tether, the start-up supporting a dollar-indexed cryptocurrency, hired Leonardo Real, a former AML manager at the Bank of Montreal, to badume the role of chief compliance officer.
Leonardo has more than 10 years of experience in the traditional finance and compliance sector. His appointment as Tether's Chief Compliance Officer aims to provide the Virtual Coin Operator with the expertise and experience required to enable him to understand and comply with regulatory compliance standards.
These new employees of the major finance companies respond to recent calls for the regulation of cryptocurrency trade, which is increasing with several regulatory agencies that now require these sites perform the same level of due diligence as the banks.
Real is also a long-time advocate of blockchain technology and the integration of symbolic markets into the mainstream. In 2016, he organized Cryptocurrency, an event focused on fighting money laundering in Toronto, attended by regulators, bankers, law enforcement professionals, and businesses. crypto space to discuss blockchain risks and related start-ups
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Bitfinex Difficult Relationship with Cable
The News of the addition of Real to the Tether team follows a protracted debate over his chips In addition to the allegations of not having enough reserve in USD to support his USDT token, a recent research by a professor at the University of Texas claimed that Tether seems to be used to generate a false claim in order to stabilize and manipulate Bitcoin prices. Although the report can not confirm price manipulation, it reveals suspicious trends.
Tether and Bitfinex have been questioning the world of cryptocurrency since last year, after the CFTC asked the main bitcoin exchange to provide more information about their relationships. Jean-Louis van der Velde.
Commenting on his appointment, the CEO of Tether said: "His extensive experience in AML risk management in capital markets, as well as in wealth management and commercial management." The banking sector, combined with its expertise proven in quality control and strategy formulation, will make him an invaluable badet to us, and at Tether we all have confidence in his ability to oversee and manage all relevant compliance issues as we continue to Go forward and grow. "
" Joining Tether as an ACO is an incredibly exciting initiative for me personally – particularly impressed by the motivation, dedication and talent of the Tether team. I look forward to helping promote Tether's commitment to transparency and regulatory compliance in the blockchain and cryptocurrency space. ", Added Real
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