Ex-Facebook Novi, Circle Compliance Chief Talks Crypto Regs – Regulation360

Regulation360 (May 21, 2021, 3:47 PM EDT) — The newly appointed chief compliance and threat officer with Boston-based funds firm Circle, one of many builders of the USDC stablecoin, says it is as much as the fintech business to get regulators snug with the explosive development of cryptocurrency and different digital applied sciences.

Mandeep Walia advised Regulation360 on Thursday that it is “on us as an industry to demonstrate that we are actually moving in a better spot, not a worse spot,” whether or not from a monetary crime or an investor safety perspective.

Circle introduced this week that Walia, the previous compliance chief and head of enterprise threat administration at Facebook’s digital pockets Novi,…

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