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FTX Taps Ex-Liechtenstein Regulator as EU Strategy Lead
Marcel Lötscher, previously a senior official at the country's financial market supervisor, will become head of regulatory strategy for the global crypto exchange in October.
Updated May 11, 2023, 5:14 p.m. Published Mar 28, 2022, 3:00 p.m. 1 min read
Crypto exchange FTX Europe is hiring Marcel Lötscher, who was previously a member of the executive board of Liechtenstein's financial market regulator, as its European Union strategy lead.
- Lötscher, who worked for over 10 years as head of the Securities and Markets Division at the country's financial regulator, will take up his new post in October.
- The announcement on Monday comes just weeks after the exchange, whose European headquarters are in Switzerland, announced that it received regulatory approval for its Cyprus arm as it seeks to expand in Europe and the Middle East.
- FTX launched in the U.S. in 2020 and now boasts an $8 billion valuation following a $400 million fundraising round in January.
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- JPMorgan Chase CEO Jamie Dimon criticized Coinbase CEO Brian Armstrong and warned that the latest CLARITY Act draft could fail if lawmakers do not address banks’ concerns over stablecoin regulation on Friday.
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