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New CLO appointed for Kraken exchange

 
New CLO appointed for Kraken exchange
Exchanges / Breaking News / BTCUSD
  • Kraken, the United States-based cryptocurrency platform has just recently appointed Marco Santori as the company's new chief legal officer. 
  • This comes from an announcement published earlier this week on the 6th of April. 

Kraken, the United States-based cryptocurrency platform has just recently appointed Marco Santori as the company's new chief legal officer. This comes from an announcement published earlier this week on the 6th of April. 

Marco is known for his work in advising, litigating and creating new laws in the crypto space.

The new legal officer for the exchange has previously worked for blockchain.com as its president as well as being a part of the team at Cooley LLP and Pillsbury Winthrop. The new legal officer for the exchange has previously worked for blockchain.com as its president as well as being a part of the team at Cooley LLP and Pillsbury Winthrop.

Speaking with CT, Marco highlighted some of the obstacles in the way of the crypto space when it comes to regulation. He said the following:

“A lot of regulators struggle to articulate crypto's core value propositions, though to be fair we in the industry are still trying to figure this all out. Crypto continues to evolve, and regulatory challenges will change with it. Additionally, it is important to me for there to be as much homogeneity across geographies as possible.”

In the announcement made by the company, the new legal officer says that the industry has gone under some significant changes since his entrance into the space in 2012.

“The ‘industry’ at that time was just a small handful of bitcoin exchanges, miners and payment processors. There was only one network - Bitcoin. There was no regulatory guidance and no laws specifically written for digital currency. Now there is, of course, a great multitude of networks, a growing body of regulatory guidance, and even crypto-specific laws.”

For more news on this crypto portfolios and other crypto updates, keep it with CryptoDaily!

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