Tether (USDT), cryptocurrency’s most renouned stablecoin and the 9th-ranked cryptocurrency by marketplace cap, announced today that they will be employing former AML Quality Control Manager at Bank of Montreal, Leonardo Real, as the company’s new Chief Compliance Officer.
Real is deliberate to be an gifted veteran in the margin of normal financial and supports compliance. Prior to operative for Bank of Montreal, Real worked for one of Canada’s heading handling ubiquitous agents, Bridgeforce Capital. Before that, he worked as a day trader.
Tether’s seductiveness in Real was expected irritated due to Real’s new work within the blockchain community. Real won the 2016 ACAMS Today Article of the Year endowment for a square he co-wrote focusing on income laundering risks compared with cryptocurrencies. He also hold a cryptocurrency eventuality in Toronto, Canada that same year focusing on obliged use of cryptocurrency. The eventuality was a success—bringing together regulators, bankers, law coercion professionals and blockchain companies for a array of cultivatable discussions.
Real described his fad for his new position at Tether in a blog post published this morning:
“Joining Tether as CCO is an an impossibly sparkling pierce for me personally, and we am quite tender by the motivation, dedication, and talent of the Tether team. we look brazen to assisting showcase Tether’s joining to clarity and regulatory correspondence within the blockchain and cryptocurrency space. As a longtime disciple of blockchain record and the formation of cryptocurrencies into the mainstream, we am looking brazen to putting my knowledge in AML and regulatory correspondence in normal financial institutions to use, to safeguard that the Tether plan can continue the work disrupting normal industries.”
Following the launch in 2014, Tether garnered a good understanding of courtesy from the cryptocurrency village due to the coin’s claims that each USDT is corroborated 1:1 to the US dollar.
Despite the company’s initial success, Tether has recently come underneath complicated conjecture following a array of scandals including a published investigate suggesting that Tether was being used to manipulate the cost of Bitcoin during Bitcoin’s price bang of late 2017.
The sinecure of Real no doubt serves in part as a means for Tether to urge the coin’s open image.