Blockchain analytics firm Crystal appoints ex-Ripple exec as CEO

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Blockchain analytics agency Crystal has appointed Navin Gupta, who drove progress for Ripple agency within the MENA and South Asian markets, as its new head.

In a press release on Feb. 19, the Netherlands-headquartered agency stated Gupta will exchange Marina Khaustova, who has moved into the brand new place of chief operations officer at Crystal.

With Gupta, Crystal needs to broaden its blockchain intelligence options to a “world viewers of regulators, VASPs [virtual asset service provider], tradfi [traditional finance] sectors, and stakeholders in cryptocurrencies,” the press launch says. Commenting on his appointment, Gupta emphasised the significance of enhancing intelligence merchandise to fulfill the evolving wants of monetary regulators amid the growing adoption of digital belongings.

“Regulators want superior intelligence and cutting-edge instruments to navigate these modifications, and tradfi establishments are searching for to handle dangers successfully as they enter the digital belongings market.”

Navin Gupta

Previous to Ripple, Gupta served at monetary giants HSBC and CitiBank for almost twenty years the place he held numerous positions throughout areas together with the U.S., Hong Kong, Japan, Taiwan, and India.

Brian Brooks, former head of the Workplace of the Comptroller of the Foreign money and present Bitfury Board member (Bitfury Group oversees Crystal Blockchain as its subsidiary), expressed reward for Gupta’s appointment, viewing it as a strategic transfer to deal with an “elevated urge for food” want for compliance instruments.

Based in 2018 as a subsidiary of the Bitfury Group, Crystal is a blockchain analytics agency specializing in offering instruments and companies for monitoring and analyzing blockchain transactions, significantly within the context of compliance and anti-money laundering efforts.

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