Wallet player Blockchain hires Nobel Bank exec in compliance move

October 11, 2018
Chris Wheal

Coindesk reported earlier this morning that wallet provider Blockchain has a new legal hire. Ex Nobel Bank chief compliance officer Ben Melnicki is now global regulatory general counsel with the Luxebourg operation. 

Melnicki told Coindesk that he will be working closely with chief legal officer Marco Santori “on behalf of our organization, our clients and the virtual currency ecosystem to shape the future of our ecosystem”.

Policymaker sluggishness

Melnicki expressed concern that policy makers are lagging behind the technology. 

“The primary product right now,” he told Coindesk, “is a non-custodial wallet, which cuts directly into our mission here at Blockchain to provide a financial future and independence to our customers to ‘be your own bank.’ I think that’s super exciting, it’s an excellent offering in this space”.

At Noble Markets Melnicki was responsible for a fintech regulatory program supporting institutional customers in managing credit risk.

Capitol Hill regulatory concern – how effectively can it be shaped?

Blockchain Association move

In the US a mix of crypto and blockchain start-ups and investors recently formed the Blockchain Association that aims to lobby policy and regulatory concerns in Capitol Hill and elsewhere.

The members include San Francisco-based Coinbase as well as competitor, Boston-based Circle Internet Financial. Blockchain and crypto investment firms Digital Currency Group and Polychain Capital have also joined.

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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