Cryptocurrency payment startup C Labs has hired former United States government official Jai Ramaswamy to oversee the company's compliance strategy.
On Nov. 26, Coindesk reported that Ramaswamy had joined C Labs, the company responsible for Celo, which is an open platform that makes financial tools accessible to anyone with a mobile phone.
Ramaswamy's credentialsAlso a former managing vice president at major credit card company Capital One, Ramaswamy will reportedly oversee the company's strategy on global regulations, risk and compliance.
Ramaswamy said that he is interested in helping C Labs understand its overall risk profile.
His LinkedIn profile further reveals that before being hired by C Labs his previous stint at Capital One, Ramaswamy worked as the global head of anti-money-laundering at the Bank of America.
Prior to that position, he was the chief of the asset forfeiture & money laundering section at the U.S. Department of Justice, where he led the department's efforts to monitor virtual currencies used by criminal organizations and prosecute facilitation of criminal activity by exchanges.
As Cointelegraph reported in February, Celo hired fellow payment network Circle's Chuck Kimble.
Kimble was involved in the company's stablecoin launch as head of strategic partnerships.
Celo secured $30 million for stablecoin-based smartphone payment plansIn April, Celo raised $30 million from well-known crypto investors Polychain Capital and Andreessen Horowitz.
The blockchain platform will use an in-house digital token and stablecoin to facilitate cross-border payments, primarily focusing on the unbanked using smartphones.
Former US Gov't Official, Capital One Exec Joins Payments Startup C Labs
Publicado en Nov 26, 2019
by Cointele | Publicado en Coinage
Coinage
Noticias recientes
Ver todo
The Dark Future Where Payments Are Politicized and Bitcoin Wins
Satoshi Nakamoto intended Bitcoin to be used for online payments.
Oasis Network mainnet launches touting privacy for loans and genomes
Oasis Labs has announced the successful launch of its Oasis Network mainnet, with more than 70 independent validators already live.
Dell-owned VMware launches enterprise-focused blockchain
Oasis Labs has announced the successful launch of its Oasis Network mainnet, with more than 70 independent validators already live.
Attack of the vampires: Uniswap loses 57% TVL as rivals up rewards
Major cloud computing and virtual machine firm VMware has launched VMware Blockchain, an enterprise-ready blockchain platform.