PayPal compliance exec moves to Bitstamp to lead compliance program

Coindesk reports that Jean-Baptiste Graftieaux, chief Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term officer for PayPal's Europe, Middle East and Africa (EMEA) division, will be joining Bitstamp in a similar capacity.

He will lead Bitsamp's compliance program, which will include his engaging and corresponding with regulators to “preserve the interests of the Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term ecosystem.” He added that his role will also "consist of enabling the Bitstamp business expansion, where Bitstamp will maximize compliance with regulatory requirements and user experience."

Recently, Bitstamp has been placing stronger emphasis on compliance. It sent a notice to clients warning that unverified accounts may have their funds handed over to authorities.

Graftieaux said that he is a bitcoin user and has been following the ecosystem for several years.