In a significant move to bolster its compliance framework and accelerate its expansion in the U.S. market, crypto custody firm Copper has announced the hiring of Tammy Weinrib as its new Chief Compliance Officer and Bank Secrecy Act (BSA) Officer for the Americas. The announcement was made on Monday through a press release by the company.
Weinrib’s role will be pivotal as she leads Copper’s licensing efforts across the United States, becoming a key member of the firm’s executive team based in New York. This appointment is part of Copper’s broader strategy to grow its footprint in the competitive American market and follows the recent appointment of Amar Kuchinad as the new global CEO in October of last year.
Prior to joining Copper, Weinrib served as the Chief Compliance Officer and BSA Officer for Binance.US, where she garnered extensive experience in regulatory compliance within the cryptocurrency industry. Additionally, her tenure at Gemini, another prominent crypto exchange, further solidifies her credentials in this sector. Weinrib’s background is rooted in traditional finance, having held positions at major institutions including Citigroup, The Royal Bank of Scotland, and Standard Chartered.
Amar Kuchinad, Copper’s global CEO, expressed enthusiasm regarding Weinrib’s appointment, stating, “Her appointment marks an important step forward as we accelerate our growth strategy and expand our offering to traditional finance.” This sentiment reflects the company’s commitment to navigate the evolving regulatory landscape while providing secure custodial solutions.
Looking ahead, it is worth noting that Copper has recently withdrawn its application to register with the U.K.’s financial services regulator as part of a strategic pivot to concentrate on key markets such as the U.S., Europe, and the Middle East. This decision underscores Copper’s commitment to aligning its operational strategies with emerging opportunities in the global financial framework.
For further insights on Copper’s strategic decisions, click here.
