HBUS, the U.S.-based "Strategic partner" of sixth largest crypto exchange Huobi, has hired a new Chief Compliance Officer.
The company has revealed this in a press release shared with Cointelegraph Oct. 11.The new CCO, Megan Monroe-Coleman, was formerly MTL Compliance Officer at U.S. software giant Intuit, following the company's acquisition of financial software firm Mint, where Monroe-Coleman had also served as a compliance officer.
Before her work at Intuit, she worked over seven years at "Big Four" auditor PricewaterhouseCoopers, five years of which she spent as compliance director, according to her LinkedIn profile.
According to the press release, Monroe-Coleman has spent over 15 years in the compliance sector in total, with a focus on fintech and financial services.
At Intuit, she is said to have developed and implemented the anti-money-laundering compliance programs for Mint, and to have directed the money transmission licensing strategy for Intuit's regulated payments products.
Monroe-Coleman's statement emphasized that she is "a compliance professional in an industry that does not always embrace regulation." However, she emphasized the firm would ensure its operations were "Safe and secure" for crypto trading in a "Fully compliant" manner.
As previously reported, HBUS is headquartered in San Francisco, and was established by Huobi as its "Strategic partner" U.S.-based digital assets marketplace this June.As it vies with rival crypto exchanges Binance and OKEx, Huobi has been actively diversifying its investment products and services and expanding worldwide.
Alongside the HBUS venture, the firm has recently bought a majority stake in Japanese FSA-licensed crypto exchange BitTrade, as well as acquiring a controlling stake in Hong Kong exchange publicly-listed Pantronics Holdings this September.
Earlier this year, Huobi launched a South Korean subsidiary, and opened an office in London, with over-the-counter trading tests slated to begin in Q3 this year.
Huobi has seen $415.3 million in trades over the 24 hours to press time, according to CoinMarketCap: HBUS has seen around $1.5 million over the same period.
Crypto Exchange Huobi's 'Strategic Partner' HBUS Hires Ex-PWC and Intuit Compliance Director as CCO
Published on Oct 11, 2018
by Cointele | Published on Coinage
Experts are concerned Libra could people's privacy and security at risk
In light of the hype surrounding Facebook's new "Libra" cryptocurrency, it's important to pause and be just as critical of it as other cryptos.
'I Don't Trust Facebook With Anything:' The World Reacts to Facebook's Libra
"We cannot allow Facebook to run a risky new cryptocurrency out of a Swiss bank account without oversight."
China's Biggest Payment Firms Have No Plans to Follow Facebook into Crypto
China's internet giants appear unlikely to follow Facebook into the cryptocurrency space anytime soon - though you can be sure they're paying attention.
Regulators Debate Cryptocurrency Legislation Ahead of G20 Summit
Cryptocurrency regulation will take a step forward during the upcoming V20 Summit where country representatives will assess the new course of legal action proposed by the international Financial Action Task Force.