• Sat, 25 May 2019, 01:37 PM
  • All times are UTC
  • Edition:
    International
Link copied

Facebook recruits two ex-Coinbase compliance managers

Wed, 15 May 2019, 11:54 am UTC

Social media giant Facebook hired two compliance managers from cryptocurrency exchange Coinbase, CoinDesk reported.

Mikheil Moucharrafie left Coinbase after serving the company for nearly 4 years. He used to work as a support analyst and quality assurance tester, anti-money laundering (AML)/ bank secrecy (BSA) investigator, compliance manager, and risk manager, according to his LinkedIn profile. Beginning this month, he will serve as Facebook’s compliance officer.

My experience building this company alongside such bright minds has changed my life,” Moucharrafie wrote in a post. He continued thanking all his coworkers and the crypto community.

Another expert on-boarded by Facebook was Jeff Cartwright, who also worked for Coinbase for about 5 years. He took the roles of being a compliance manager, internal audit head, and regulatory risk and exam director. A lawyer by training, Cartwright used to be involved in AML consultancy at KPMG and AML compliance investigations at Goldman Sachs before joining Coinbase.

He also just recently joined the social networking team this month as a policy and compliance manager, according to his LinkedIn profile.

Last year, CNBC reported Facebook’s plan to explore potential blockchain technology applications.

I’m setting up a small group to explore how to best leverage blockchain across Facebook, starting from scratch,” David Marcus, Facebook’s head of Messenger, had said.

Mark Zuckerberg, Facebook CEO, also said that the company will start looking into cryptocurrencies to empower individuals and “how best to use them in our services.”

Earlier this year, reports suggested that the company was working on “Facebook Coin” – a stablecoin pegged to a basket of different foreign currencies. The confidential cryptocurrency project now appears to have reached the US Senate. It can be recalled that earlier this month, the Senate Committee on Banking, Housing, and Urban Affairs sent a letter to Zuckerberg.

Last year, Facebook asked U.S. banks to share detailed financial information about consumers,” the letter stated. “In addition, privacy experts have raised questions about Facebook’s intensive data collection practices and whether any of the data collected by Facebook is being used for purposes that do or should subject Facebook to the Fair Credit Reporting Act.

On the other hand, Coinbase continues to expand its support for crypto-to-crypto trading. In a blog post on Tuesday, the company has now extended its USD Coin trading to 85 countries. It also now offers trading services to 103 countries, up from just 32 countries last year.

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
More
  • Bitcoin (BTC) $8,052.09 (+0.67%)
  • Ethereum (ETH) $252.13 (+0.39%)
  • XRP (XRP) $0.387200 (-0.18%)
  • Bitcoin Cash (BCH) $408.16 (-1.38%)
  • Litecoin (LTC) $101.62 (+3.41%)
  • Bitcoin (BTC) $8,052.09 (+0.67%)
May 24, 2019 (Friday)
12:18
Crypto Technicals: ETH/USD retraces above 1H 200-SMA, 'Hammer' on daily charts signals further gains
10:50
German engineering giant Bosch trials Ethereum blockchain
10:39
Crypto Technicals: BTG/USD grinds higher along 21-EMA, breakout at 61.8% Fib (25.74) will accentuate gains
09:33
Bank of Russia to review proposal on gold-backed cryptocurrency
09:17
Blockchain software firm Unstoppable Domains raises $4M from Draper Associates, Boost VC
08:45
Crypto Technicals: LTC/USD bounces off 21-EMA support, next bull target $109
08:45
Robinhood Crypto is now in New York
07:27
Facebook to launch its cryptocurrency 'GlobalCoin' in Q1 2020: Report
07:25
California resident sued for alleged $26M crypto Ponzi scheme
06:33
AT&T teams up with BitPay to become the first telecom to accept cryptocurrency payments
06:16
Rep. Swalwell accepting bitcoin donations in bid for US presidency
06:10
Grayscale receives FINRA approval to open Ethereum Trust to individual investors
05:12
Indian telco Airtel selects IBM for blockchain-based pan India anti-spam call solution: Report
05:07
Binance CEO CZ seeks compensation for reputational damage from Sequoia
04:06
Overstock.com’s blockchain subsidiary signs MOU with Lusaka city to develop land governance platform
03:57
Toyota, University of Tokyo, TRENDE to start testing blockchain-based electricity trading solution
03:14
Russia's NSD to roll out security token blockchain in June
May 23, 2019 (Thursday)
12:15
Crypto Technicals: IOT/USD holds 21-EMA support, retrace till 0.3185 (200-DMA) likely on break below
12:11
Coinstar extends bitcoin buying service to 21 US states
11:38
Crypto Technicals: BTC/USD bounces off session lows with 'Hammer' formation, bias neutral
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft