Cryptocurrency exchange and custodian Gemini has announced that Noah Perlman, former global head of financial crimes and chairman of the political action committee at Morgan Stanley, will be its new chief compliance officer.
Tyler Winklevoss, one of Gemini’s founders, announced this development on September 4, 2019. The announcement states that Perlman’s appointment goes hand-in-hand with Gemini’s policy to “ask permission, not forgiveness.”
“We chose this path because Compliance is one of Gemini’s four pillars along with Product, Licensing, and Security,” according to the announcement. “We are excited for Noah to continue to build on Gemini’s tradition of compliance.”
The Winklevoss’ operation at Gemini has long emphasized compliance. After its proposal for a bitcoin ETF was shot down by the U.S. Securities and Exchange Commission in July 2018, it attracted a large number of cryptocurrency exchanges to join a campaign to convince the greater financial world of cryptocurrency’s security and potential.
Prior to his work with Morgan Stanley, Perlman worked for the U.S. Drug Enforcement Agency (DEA) and worked as an assistant U.S. attorney for the Eastern District of New York, focused on crimes against children and narcotics.
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A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.
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