Copy link
Increase text size
Decrease text size
Link copied

Crypto exchange Kraken names president as its new chief legal officer

Image by Kraken

Wed, 08 Apr 2020, 06:53 am UTC

U.S. based crypto exchange Kraken has appointed President Marco Santori as its new chief legal officer (CLO).

Kraken made the announcement on its blog. The company named Santori as part of its growing global team. Santori is known as the “Dean of Digital Currency Lawyers.”

He has a background in crypto law. He is known for litigating, advising and creating new laws in the crypto industry. Aside from serving as’s president, he is also part of the Cooley LLP and Pillsbury Winthrop team. In addition, Santori is the advisor to the International Monetary Fund, the blockchain ambassador to the State of Delaware and the chairman of the Regulatory Affairs Committee of the Bitcoin Foundation.

Santori is expected to use his experience with regulators, banks, payment service providers, broker-dealers, and several other key industry players to drive the next phase of the company’s growth. When asked what he found appealing about Kraken, the new Kraken CLO said that he was impressed at how the company has managed to accomplish and thrive while maintaining its principles and brand.

When asked about his expectations and goals with his new position at Kraken, Santori said that he would support the brand on its journey skyward.

“I expect to continue my work in creating a regulatory environment that fosters innovation while sanctifying consumer well-being. Internally, I aim to create an environment of ability and success for all things legal – from product innovation to business partnerships and corporate governance. Kraken’s impeccable team has built a rocket ship. I hope to support them on the journey skyward,” Santori said.

When asked what regulators usually struggle when it comes to crypto, Santori shared that most had a hard time in understanding the value proposition of crypto.

“Smart policymaking, efficient enforcement prioritization, and even public messaging points all must flow from a basic understanding of crypto’s value proposition,” Santori said.

“The fundamental challenge isn’t really that regulators don’t understand it; it’s that the industry itself hasn’t yet come to agreement. Digital gold? Digital dollar? Digital oil? Metaphors abound, and no single industry voice has emerged to communicate the holistic vision to regulators. Good regulatory engagement today means balancing these messages with fairness and credibility.”

Meanwhile, Kraken has decided to expand its service in India after the Supreme Court overruled the Reserve Bank of India’s (RBI) crypto ban. The company is excited to recommit its resources and expand its offering to the Asian country.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $10,161.90 (+6.31%)
  • Ethereum (ETH) $251.10 (+5.50%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $264.80 (+8.88%)
  • Bitcoin SV (BSV) $206.89 (+6.28%)
  • Bitcoin (BTC) $10,161.90 (+6.31%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.