100x Group Names Malcolm Wright As Chief Compliance Officerbr>
Crypto trading platform BitMEX has announced that Malcolm Wright has been appointed as Chief Compliance Officer (CCO) of 100x Group, the group behind HDR Global Trading Limited, owner and operator of the BitMEX platform.
Wright has an extensive background in compliance and anti-money laundering (AML) and speaks internationally on a variety of related topics, in particular the Financial Action Task Force (FATF) Recommendations for Virtual Asset Service Providers (VASPs). He also sits on a number of international committees and currently chairs the Advisory Council and AML Working Group at Global Digital Finance, an industry-led initiative in defining codes of conduct and best practices for the virtual asset industry.
As 100x Group’s CCO, Wright will lead the group’s compliance efforts internationally and will report to the new interim CEO and COO Vivien Khoo. According to BitMEX, Malcolm’s appointment is a noteworthy milestone as they move towards completion of their User Verification Program and further enhance their compliance function.
“For me, compliance is non-negotiable, and a prerequisite for exchanges to be embraced by regulators and institutional investors alike,” Wright said. “My vision is for 100x Group, through the BitMEX platform, to play a lead role in shaping how this industry collaborates with regulators to ensure everyone can safely avail of digital markets. I look forward to bringing my leadership and expertise to bear as the industry rapidly evolves alongside regulations.”