Cryptocurrency fee agency BitPay employed Allison Raley to the place of basic counsel and compliance chief, changing Eden Doniger, who left BitPay in April.
Raley involves BitPay as the previous regulatory compliance and digital asset companion on the legislation agency Mitchell, Williams, Selig, Gates & Woodyard, the place she helped handle compliance, litigation, investigation and consulting wants for monetary establishments and mining corporations, in response to her LinkedIn.
“Wonderful first day at BitPay as Chief Compliance Officer and General Counsel. I’m very excited to join an incredible team and look forward to the program we are building,” Raley mentioned on her LinkedIn web page. She began her new function on June 6.
See additionally: Crypto Talent War Refocuses on Lawyers as Investment Booms, Regulations Loom
BitPay is one in all many corporations inside and outdoors of the business racing to draw authorized expertise. Crypto corporations, as nicely as banks, legislation corporations and firms, have struggled to seek out attorneys with expertise in cryptocurrencies and blockchain as the authorized and regulatory panorama is being established worldwide, PYMNTS reported in April.
While BitPay is headquartered in Atlanta, Georgia, Raley relies in Rogers, Arkansas, the place she’s going to proceed to work.
“I’m also thankful to have the opportunity to remain in Northwest Arkansas and watch the area continue to be at the forefront of innovation and development,” she mentioned on LinkedIn.
Read extra: BitPay, Edge Team to Promote Crypto ‘Payment Quality’
BitPay is striving to make cryptocurrency a mainstream fee technique. Crypto pockets Edge has applied BitPay’s protocol, permitting its clients to spend cryptocurrency on-line and in shops “free of payment exceptions,” PYMNTS reported earlier this month.
Edge is a non-custodial pockets that helps greater than 1.7 million accounts in 10 languages and 179 international locations, letting clients purchase, promote, commerce and spend greater than 130 digital property.
Related: Biden’s Executive Order Set to Fast-Track Crypto Policy