Qualified cryptocurrency administrator BitGo has hired Coinbase’s former Chief Compliance Officer to lead its compliance and anti-money laundering programs.
Jeff Horowitz led Coinbase’s global compliance program before leaving in October. Prior to Coinbase, he spent 12 years at Pershing, a clearing house for BNY Mellon.
Horowitz also co-chaired the Anti-Money Laundering Committee of the Securities Industry and Financial Markets Association. He began his career as a regulator with the Federal Deposit Insurance Corporation (FDIC).
“Banks and institutional investors are looking for a regulated and independent provider of custody solutions to securely store their crypto,” Horowitz told CoinDesk in an email. “Bankers want to know that a crypto custodian meets the same security and compliance standards that banks and trust companies are subject to today.”
