Crypto.com, a digital asset financial service provider, announced on Thursday the appointment of Antonio Alvarez as its chief compliance officer.
Alvarez is bringing over two decades of leadership in the Hong Kong-based company and will be responsible for leading worldwide regulatory compliance across Crypto.com’s entire product ecosystem.
Commenting on his new position, Alvarez said: “I’ve long admired Crypto.com for its foundational commitment to security, compliance, and risk management as a prerequisite to building a trusted, globally recognized brand in financial services.
“I’m thrilled to be given the opportunity to contribute to Crypto.com’s vision of driving cryptocurrency adoption by further strengthening and scaling the Company’s compliance functions to support the rapid growth of the business and it’s objective to become fully regulated in all key jurisdictions around the world.”
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A compliance expert
Before joining Crypto.com, he spent a few months in Coinme as its chief compliance officer after heading the same at Coinbase.
Before moving to the digital asset industry with his Coinbase role, he spent three years at Yapstone as chief compliance officer and Western Union for 3 years before that.
He also spent 13 years of his career at American Express at various leadership roles and also another 3 years at Visa.
“I’m excited to welcome Antonio to our leadership team,” Kris Marszalek, co-founder and CEO of Crypto.com, added. “Antonio brings to the table his unique experience covering both traditional financial services and cryptocurrency — a clear match to Crypto.com’s vision of effectively and compliantly bridging the two worlds. Antonio’s mandate is to rapidly scale our compliance & regulatory functions, as we expand globally with local presence and licensing effort in all key markets.”
Meanwhile, Crypto.com is aggressively expanding its crypto offerings with many additions in its services. In April, it enabled USD Fiat currency withdrawals via ACH (Automated Clearing House) for US users.