Oct 3, 2018 at 06:56
Oct 3, 2018 at 15:46 UTC
BitMEX Taps Former Hong Kong Regulator as Chief Operating Officer
BitMEX is one of the largest cryptocurrency tradings platforms that deals only in Bitcoin. BitMEX has recently named Angelina Kwan as its chief operating officer. Angelina formerly worked as a managing director and head of regulatory compliance for Hong Kong Exchanges and Clearing Limited (HKEX). The current statistics of the company reflects it is having exceptional growth and at this point in time, Angelina will work with regulators worldwide to develop rules that will support cryptocurrency’s continued growth.
Angelina Kwan will be based in Hong Kong and hopes with her experience working with regulators worldwide will help her in developing a “constructive dialogue” with regulators.
The CEO and co-founder of BitMEX, Arthur Hayes in support of Angelina’s decision and praising her understanding of crypto and experience in both regulation and traditional finance said that “I believe Angelina’s decision to join us is a signal that the global markets are shifting focus to the rapidly-expanding domain of crypto-coins,” he further added “Angelina’s vast experience in regulation, trading platforms, business development, restructuring, and investor and stakeholder relations will be pivotal as we continue the push towards mainstream cryptocurrency adoption and broaden our community.”
Kwan has spent almost eight years working at the Securities and Futures Commission of Hong Kong, her 24 years of experience with leadership roles for financial products in Asia and the United States will exceptionally bring more to the company. She has also worked at global financial services firms, covering retail securities trading and asset management.
Countries like China and South Korea banned digital coin sales and other markets such as Hong Kong have not fully regulated cryptocurrency. Norman Chan Tak-lam who is a Hong Kong banker, treasury official, and civil servant and currently working as a chief executive of the Hong Kong Monetary Authority, stated that trading in crypto is highly risk taking and also warned about the fraud and manipulation and other insecurities involved in the crypto market.