PayPal has poached a top policy exec from Chainalysis, the industry’s largest crypto-tracing company.
Jesse Spiro, formerly Chainalysis’ head of policy and regulatory affairs, is heading to PayPal's crypto wing to work on regulatory policy. He said the new role was "extremely attractive and exciting," citing the digital giant's size and potential to bring cryptocurrency to the payments sector.
"At PayPal I’ll be supporting regulatory affairs for their crypto business and I can’t tell you how exciting that is in relation to the future of crypto and what the future landscape is going to look like," Spiro told CoinDesk.
Spiro will begin the new role on Aug. 2.
"The fact that PayPal has the global reach that they do, the technology and the resources behind them and the fact that as an MSB [money services business] of their size [they have] embraced cryptocurrency, I think it's so exciting," Spiro said.
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