BitGo, a major digital asset custody and security company, has hired a former compliance executive of Coinbase.
Jeff Horowitz, Coinbase’s former chief compliance officer, is joining BitGo as its new chief compliance officer, the firm announced Jan. 13. Horowitz joins BitGo after serving the same role at Coinbase since July 2018.
The new exec will be replacing BitGo’s former CCO Matt Parrella and will oversee the company’s compliance and Anti-Money Laundering programs to ensure compliance and regulatory requirements.
Horowitz told Cointelegraph that one of the biggest compliance challenges in serving institutional clients in crypto is to navigate the complex and changing regulatory landscape. He said that BitGo expects greater regulatory clarity from global financial authorities:
“We are confident that as the crypto industry continues to mature, we will see greater regulatory clarity on every level including state, federal and international policies and regulations.”
Horowitz is a past member of major compliance groups like the Large Firm Advisory