C.J. Rinaldi strikes from Blockchain.com to Kraken

Blockchain.com’s former chief compliance officer, C.J. Rinaldi, strikes to compliance-related providers to Kraken as he turns into the corporate’s latest rent.

Hiring from rival exchanges

Lower than two months after Kraken, one of many largest crypto exchanges on this planet, laid off about 1,100 of its workers, the centralized bitcoin (BTC) buying and selling venue employed C.J. Rinaldi as its new compliance officer.

The necessity to “adapt to present market situations” appears to stay the explanation for this rent.

Since Steven Christie, who oversaw international compliance at Kraken, left for Binance final Could, the search has been on.

Rinaldi most just lately was the chief compliance officer for Blockchain.com, the place he served from October 2021 to December 2022. Earlier than his position at Blockchain.com, he labored as the pinnacle of market compliance at Deutsche Financial institution Securities Inc.

Mr. Rinaldi’s earlier positions embody senior counsel within the enforcement division of the U.S. Securities and Change Fee (SEC), in addition to management positions at UBS Funding Financial institution and Bridgewater Associates.

Job leaping and intentional hiring in crypto

There’s a development of intentional hiring within the crypto and web3 areas.

Google’s hiring of a former BlockFi government, Rishi Ramchandani, to Genesis’ hiring of a restructuring advisor, all the way down to the Algorand Basis’s hiring of a brand new international head of ecosystem development, reveals a development towards hiring restructuring and development facilitators to successfully compete with rivals and meet customers’ expectations within the web3 house.

The brand new compliance officer’s expertise and experience will turn out to be useful following Kraken’s current positive of over $360,000.

Following his success at Blockchain.com, which expanded its international compliance framework, Rinaldi is predicted to assist Kraken stabilize following its management change and resolution to withdraw from Japan.