CJ Rinaldi moves from Blockchain.com to Kraken.

CJ Rinaldi, the former chief compliance officer at Blockchain.com, leads Kraken’s compliance services side as the company’s latest hire.

Recruiting services from rival exchanges

Less than two months after Kraken, one of the world’s largest crypto exchanges, laid off nearly 1,100 employees, the central Bitcoin (BTC) trading venue has hired CJ Rinaldi as its new compliance officer.

need”Adapting to current market conditionsIt seems that the reason for this rent remains.

Since Steven, who oversees global compliance at Kraken, left for Christie. Binance Last May, the search continued.

Rinaldi was most recently Chief Compliance Officer at Blockchain.com, where he served from October 2021 to December 2022. Prior to his role at Blockchain.com, he served as Head of Market Compliance at Deutsche Bank Securities Inc.

Mr. Rinaldi’s previous positions include Senior Counsel in the Enforcement Division of the U.S. Securities and Exchange Commission.SEC) as well as leadership positions at UBS Investment Bank and Bridgewater Associates.

Job Jumping and Intentional Recruiting in Crypto

In the crypto and web 3 spaces there is a tendency to deliberately recruit.

Recruiting Google Rishi Ramchandani, a former BlockFi executive, hired a restructuring consultant at Genesis, to the Algorand Foundation’s hiring of a new global head of ecosystem development to effectively compete with rivals. and shows a tendency to hire restructuring and development facilitators to meet customers. ‘ Expectations in the web3 space.

The experience and expertise of the new Compliance Officer will come in handy as follows. Kraken’s recent fine Over $360,000.

Following his success at Blockchain.com, which expanded its global compliance framework, Rinaldi is expected to help stabilize Kraken following a leadership transition and decision. Withdraw from Japan.

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