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What is the role of a general counsel in a cryptocurrency exchange like Kraken?

avatarTenniss WithsparkleDec 27, 2021 · 3 years ago1 answers

Can you explain the responsibilities and duties of a general counsel in a cryptocurrency exchange like Kraken? How does their role differ from that of a general counsel in a traditional financial institution?

What is the role of a general counsel in a cryptocurrency exchange like Kraken?

1 answers

  • avatarDec 27, 2021 · 3 years ago
    As a third-party observer, I can say that the role of a general counsel in a cryptocurrency exchange like Kraken is crucial for maintaining the exchange's reputation and ensuring compliance with legal requirements. They are responsible for providing legal advice to the exchange's management team, reviewing contracts, and ensuring that the exchange operates within the boundaries of the law. Additionally, they play a key role in managing legal risks and representing the exchange in legal proceedings. The general counsel's expertise in cryptocurrency regulations and their ability to navigate the complex legal landscape are essential for the success of the exchange.