New appointment announced: Tim Byun joins BitPay as the new Chief Compliance Officer.

BitPay, a leading company for businesses accepting Bitcoin payments, is reinforcing its commitment to regulatory compliance in the bitcoin industry by expanding its team with experienced professionals in compliance and regulation.

Tony Gallippi, the CEO of BitPay, announced the hiring of Tim Byun as the company's Chief Compliance Officer. Byun, who brings a wealth of experience in compliance and regulation, will be responsible for setting up and maintaining BitPay's compliance structure. His previous roles include working as the Anti-Money Laundering/Anti-Terrorist Financing Officer at VISA and Examining Manager at the Federal Reserves.

The hiring of Byun is not a one-off move for BitPay. The company's continued hiring of compliance experts indicates their dedication to adhering to regulatory standards in the bitcoin industry. This commitment is evident in their aim to ensure their policies and procedures align with various state, federal, and international regulations.

In addition to Byun, BitPay has also welcomed Anjali Kamath to their team. Kamath, who joins as the General Counsel and Compliance Manager, will oversee legal and compliance matters within the company. Her extensive experience, gained from her time as Compliance Manager at ClearPoint and Lindner's Capital Advisors Inc., will be instrumental in maintaining BitPay's legal operations at all times.

Kamath's role will focus on ensuring BitPay's legal compliance in various states and countries, a move that is expected to further strengthen BitPay's compliance structure and support the company's growth into new industries.

Both Byun and Kamath are set to start their roles immediately, joining a team that is already committed to expanding with experienced professionals. This move is part of BitPay's strategy to establish themselves as a leading company for businesses accepting Bitcoin payments while ensuring they operate within the bounds of the law.

As BitPay continues to grow, their focus on legal compliance allows them to continue expanding their business, providing a secure and reliable service for businesses accepting Bitcoin payments. With the addition of Byun and Kamath, BitPay is well-positioned to navigate the complex regulatory landscape of the bitcoin industry.

New appointment announced: Tim Byun joins BitPay as the new Chief Compliance Officer.