English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 16 April 2021, 08:00 HKT/SGT

Source: CoinSmart
CoinSmart Appoints Joe Tosti as Chief Compliance Officer
Joe will Provide Regulatory Oversight as the Ontario Securities Commission Doubles Down on Crypto Compliance

TORONTO, ON, Apr 16, 2021 - (ACN Newswire) - CoinSmart, a Toronto-based cryptocurrency exchange, announced it has appointed Joe Tosti to the role of Chief Compliance Officer. Joe comes with over 20 years of experience in compliance, trading, operations and wealth planning, having worked with some of the largest public institutions in Canada.

Joe's addition to the team follows the latest statement from the Ontario Securities Commission (OSC) announcing that crypto trading platforms must bring their operations as a dealer or marketplace into compliance with Ontario securities law. On March 31, CoinSmart submitted its application for registration as a dealer with the OSC and the securities regulatory authorities in all other provinces and territories of Canada. CoinSmart is also actively engaged in membership discussions with the Investment Industry Regulatory Organization of Canada (IIROC).

As Chief Compliance Officer, Joe will provide regulatory oversight and guidance, playing a critical role in customer protection and ensuring customer financial safety. Prior to joining CoinSmart, he served as the Vice President of Compliance at CI Investments and Chief Compliance Officer at CI Private Wealth and CI Direct Investing, one of Canada's largest investment fund companies. In addition to his role at CI, Joe has also contributed to the success of various industry start-ups.

"CoinSmart has always taken the path of compliance and regulation and we look forward to Joe echoing that mission," said Justin Hartzman, CEO of CoinSmart. "As CCO, he will effectively strengthen the safeguards that we have put in place for our customers and continue to ensure that CoinSmart is always on the forefront of providing the safest and most secure services."

CoinSmart breaks down the barriers of complex cryptocurrency transactions with its simple trading interface, learning tools and 24/7 client support. As one of the first Canadian exchanges to be regulatory compliant with the country's financial intelligence unit - Financial Transactions and Reports Analysis Centre of Canada - CoinSmart prioritizes the safety and security of its customers with adherence to Know Your Client (KYC) and Anti-Money Laundering (AML) regulations and the use of cryptocurrency cold storage to reduce theft.

"Canadians have always had such strong trust in their financial system and they deserve that same level of trust and protection when it comes to crypto," said Joe. "I believe that fostering a strong culture of compliance and maintaining sound governance is a cornerstone of a successful organization. As the industry continues to evolve and mature, I believe we are headed toward a direction where customers can have a safer and more secure experience with cryptocurrency."

Topic: Press release summary
Source: CoinSmart

Sectors: Blockchain Technology
From the Asia Corporate News Network

Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


CoinSmart Related News
Nov 7, 2022 18:00 HKT/SGT
Society Pass Inc (Nasdaq: SOPA) Adds Cypto Currency Payments Capabilities by Partnering with Canada-based CoinSmart Financial Inc (NEO: SMRT) (FSE: IIR)
Sept 23, 2022 22:53 HKT/SGT
CoinSmart Announces Acquisition by Coinsquare, Creating one of Canada's Largest Crypto Asset Trading Platforms
Feb 7, 2022 23:58 HKT/SGT
CoinSmart Announces Increase in Key Performance Metrics
2021年3月5日 9時17分 JST
CoinSmart Closes CAD$4.5 Million Seed Funding; Plans to Expand into Europe
Mar 5, 2021 08:17 HKT/SGT
CoinSmart Closes CAD$4.5 Million Seed Funding; Plans to Expand into Europe
More news >>
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575