Share this article
Former Visa Exec to Join BitPay as Chief Compliance Officer
BitPay's latest hire finds the company luring top talent away from traditional payments providers.
By Pete Rizzo
Updated Sep 11, 2021, 10:51 a.m. Published Jun 9, 2014, 5:55 p.m.
Make us preferred on Google
Former Visa anti-money laundering and anti-terrorist financing officer Tim Byun has announced that he will join Georgia-based bitcoin merchant processor BitPay as its chief compliance officer.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
served as a Visa executive from February 2009, and previously worked at the Federal Reserve Bank of San Francisco and the Federal Deposit Insurance Corporation (FDIC).
BitPay executive chairman Tony Gallippi framed the hiring as a move that would further demonstrate his company is meeting the expectations of US regulators as it seeks to expand bitcoin adoption among global merchants.
Gallippi said:
"As the bitcoin industry continues to grow, BitPay wants to ensure that our policies and procedures fall inline with various state, federal and international regulations. For this reason, we hired Tim to set up and maintain our compliance structure."
The news is perhaps one of the more noteworthy hires to come amid what has been an impressive increase in talent acquisitions at the company and in the bitcoin industry at large.
For example, just over a week ago, Facebook's Ben Davenport announced he would end his three-year stint at the social networking giant to join secure wallet startup BitGo.
Public persona
Byun will also provide a new public face for the company, as he has formerly spoken on behalf of Visa at high-profile conferences such as the annual International Anti-Money Laundering Conference and the National Forum on Prepaid Card Compliance.
BitPay indicates that Byun will represent the company later this June when he speaks at Bitcoin in the Beltway, a Washington, DC-based conference organised by Sean's Outpost founder Jason King.
The conference will include Overstock CEO Patrick Byrne, Blockchain's Andreas Antonopoulos and more.
Hiring boom
The news is perhaps the most noteworthy hire to come amid what has been an impressive increase in talent-seeking at the company. BitPay now has more than 40 employees worldwide, but previously indicated that its Series A funding will allow it to expand this total, adding 70 new jobs.
In addition to Byun, the company also brought in former ClearPoint compliance manager Anjali Kamath as its new General Counsel and Compliance Manager.
For more on how BitPay plans to allocate its new talent and the kinds of positions that the company is most focused on filling, read our most recent interview with executive chairman Gallippi.
Disclaimer: CoinDesk founder Shakil Khan is an investor in BitPay
Images via Shutterstock.com and BitPay
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Gold tops $5,000 as bitcoin stalls near $87,000 in widening macro-crypto split: Asia Morning Briefing
Bitcoin’s onchain data points to supply overhang and weak participation, while gold’s breakout is priced by markets as a durable macro regime shift.
What to know:
- Gold’s surge above $5,000 an ounce is increasingly seen as a durable regime shift, with investors treating the metal as a persistent hedge against geopolitical risk, central bank demand and a weaker dollar.
- Bitcoin is stuck near $87,000 in a low-conviction market, as on-chain data show older holders selling into rallies, newer buyers absorbing losses and a heavy supply overhang capping moves toward $100,000.
- Derivatives and prediction markets point to continued consolidation in bitcoin and sustained strength in gold, with thin futures volumes, subdued leverage and weak demand for higher-beta crypto assets like ether reinforcing the cautious tone.
Top Stories
