Tether Announces Appointment of New Chief Compliance Officer

Tether Announces Appointment of New Chief Compliance Officer

Tether has announced the appointed of Leonardo Real, a former anti-money laundering (AML) quality control manager at Bank of Montreal, as the company’s new chief compliance officer (CSO). The announcement comes just one week after Phil Potter, one of Tether’s directors, announced that he will be leaving sister company, Bitfinex.

Also Read: Japanese Police Seize Cryptocurrency for Parking Violations

Tether Announces New CCO

Leonardo Real, former AML control manager of Canada’s fourth-largest financial institution, Bank of Montreal, has been announced as Tether’s new chief compliance officer.

A press release issued by Tether has stated that Mr. Real has been brought in “to assist in setting the highest standards in compliance.” Jean-Louis van der Velde, the chief executive officer of Tether welcomed the arrival of Mr. True, stating “We are all very excited to introduce Leonardo as Chief Compliance Officer at Tether, as he joins us on what has already been a remarkable journey to date disrupting the legacy financial system. His depth of experience managing AML risk in capital markets, as well as the wealth management and commercial banking sectors, combined with his proven expertise in quality control management and strategy formulation will make him an invaluable asset to our company. All of us at Tether have every confidence in his ability to oversee and manage all relevant compliance issues as we continue to move forward and grow.”

“We are particularly excited to announce this key hire at a seminal point in the life of the blockchain and cryptocurrency sector. As the industry matures, all actors within the space shall be expected to meet a higher standard of industry best practices. As Tether continues to work to realize our vision of total transparency and unparalleled security within the cryptocurrency market, we will always endeavor to set the gold standard in regulatory compliance. Leonardo will play an important role in realizing these aims, and we are very excited to welcome him aboard as we look forward to all that lies ahead,” the Tether CEO added.

Mr. Real’s Cryptocurrency Resume

Before working with Bank of Montreal, Tether states that Mr. Real “also has experience working in financial day, stock, and futures trading,” adding that “Real is a proven thought leader in the industry, having co-written the 2016 ACAMS Today Article of the Year which focused on money laundering risks associated with cryptocurrencies.”

“Joining Tether as CCO is an incredibly exciting move for me personally, and I am particularly impressed by the motivation, dedication, and talent of the Tether team. I look forward to helping showcase Tether’s commitment to transparency and regulatory compliance within the blockchain and cryptocurrency space. As a longtime advocate of blockchain technology and the integration of cryptocurrencies into the mainstream, I am looking forward to putting my experience in AML and regulatory compliance in traditional financial institutions to use, to ensure that the Tether project can continue its work disrupting traditional industries,” said Mr. Real.

Mr. Real “also organized a Blockchain, Cryptocurrency, and AML event held in Toronto, Canada in August 2016, bringing together regulators, bankers, law enforcement professionals, and companies in the blockchain space to discuss responsible use of cryptocurrencies.”

Phil Potter to Stand Down From Bitfinex

Tether Announces Appointment of New Chief Compliance OfficerTether director, Phil Potter, recently announced that he would stand down from his role as the Bitfinex’s chief security officer, before soon leaving Tether’s supposed sister company.

Mr. Potter stated: “As Bitfinex pivots away from the U.S., I felt that, as a U.S. person, it was time for me to rethink my position as a member of the executive team.”

Tether Sends 100 Million USDT to Bitfinex

At 12:53:29 AM, 13th of July, 2018, 100 million USDT was sent to wallet that is owned by Bitfinex, following one of few major Tether issuances of recent months.

At 11:59:27 PM on the 25th of June, Tether created 250 million USDT, following the creation of the same quantity of USDT on the 19th of May.

What is your response to Tether’s appointment of Leonardo Real to the position of chief compliance officer? Share your thoughts in the comments section below!


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PR: Digital Ticks Just Launched First Look of Their Mobile App

Digital Ticks Launches Mobile App

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Digital Ticks, the hot, new ICO in town is out with their First Look of Mobile app of their exchange well ahead of their schedule!

This is very exciting news as this is no ordinary crypto exchange. Digital Ticks is the first ever Commodity Crypto exchange. Users will be able to trade all the different types of crypto assets as well as commodity to crypto assets.

Why Digital Ticks?
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The team believes in helping the investors make their decisions based on the work done and not based on plain statements.

The CCO of Digital Ticks, Mayur Poddar quoted saying
“We want people to see the results and our progress first-hand, and we want to enable them to make an investment choice based on statistics rather than statements.” This is again reassuring each and every participant of the ICO that their team is dedicated and will get the job done.

After the success and the huge participation received during the pre-sale whole team was extremely geared up to deliver a quality product ahead of the timeline.

“The pre-sale contributions and the overwhelming response of the contributors are both exciting and ensuring that Digital Ticks is on the right path in the journey to make every commodity tradable using crypto. And we believe that we are stepping into the future of cryptocurrency with a new dream and our footsteps would be followed by all others who share the same dream.”
– Quoted by CEO of Digital Ticks- Jitu Bajaj.

Company’s decision to launch First look of Mobile App Interface at the same time as its Public token sale starts in fact prior to it is in contrast to most other companies which only have a white paper and website at the time of their public sale. Fuelled by the huge success of the pre-sale, the team went on to deliver Apps for both Android and IOS platform along with multiple Blockchain smart contracts. This gives public token sale participants confidence in the ability of the team behind the project.

Closing Thoughts
With their Public token sale started on 15th April 2018, the team has worked day and night and have already released their Mobile App’s First Look well before their planned release date. At this current pace, they will be able to get the entire platform up and running well before the deadline and might just end up being one of the greatest ICO’s.

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Website: https://www.digitalticks.com/
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Contact Email Address
marketing@digitalticks.com
Supporting Link
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This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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