BitPay Hires Tim Byun as Chief Compliance Officer

The leading online Bitcoin payment processor Bitpay announced today that they have hired Tim Byun as their Chief Compliance Officer, starting immediately. Byun has been working for VISA as their Anti-Money Laundering/Anti-Terrorist Financing Officer for several years and also worked for the Federal Reserves as Examining Manager, so it’s a guy with experience that has come on board.

“As the bitcoin industry continues to grow, BitPay wants to ensure that our policies and procedures fall in line with various state, federal and international regulations. For this reason, we hired Tim to set up and maintain our compliance structure,” Tony Gallippi, CEO of BitPay said in a press release.

Byun will help ensuring that BitPay at all times lives up to the rules and regulations put upon them in the states as well as in other countries, so BitPay can operate completely legal at all times and continue to expand their business into new industries.

BitPay also announced that they hired a new General Counselor/Compliance Manager, where their choice landed on Anjali Kamath. Kamath has experience as Compliance Manager from ClearPoint as well as from Lindner’s Capital Advisors Inc. With these two new experienced employees on board, the road to success seems open for BitPay, who have already established themselves as the go-to company when a business wishes to accept Bitcoin payments.

Daniel Allermand

Daniel Allermand is a freelance writer, with more than 4 years of experience in the industry as an operator, affiliate and poker player. Daniel has decided it was time to try and bring more coverage about the industry to the general public by writing articles about everything from poker to casino.  

Recent Posts

Bitcoin is not a good option for criminals, says former CIA Director in a new report

Bitcoin is not really being used in money laundering operations. And considering the fact every transaction is recorded on the…

13 hours ago

“caged bull” Bitcoin breaks into a new all-time high of almost $63,000

Just a day after Bloomberg analyst Mike McGlone called Bitcoin a “caged bull, well rested to escape”, the latter seemed…

16 hours ago

Ripple files motions to dismiss lawsuit as XRP blasts to new three-year high

Just before the weekend, Judge Sarah Netburn ruled that Ripple executives Brad Garlinghouse and Chris Larsen’s did not have to…

17 hours ago

Cardano, more than a hedge against Ethereum?

In a new video on the popular YouTube channel ‘Coin Bureau’, host Guy shares his thoughts on Cardano and the…

18 hours ago

Revolut brings eleven new Crypto assets to its platform

On Thursday, London-based digital payments firm Revolut announced that it had just added eleven new crypto assets to its banking…

1 day ago

Ripple’s XRP is skyrocketing as the team celebrates three wins in a row in its SEC lawsuit

This Friday, U.S. Judge Sarah Netburn granted Ripple’s motion to keep its CEO’s financial records private after the Securities and Exchange Commission…

3 days ago