Crypto exchange giant Coinbase has added more hands to its compliance and legal team, as Milana McCullagh joins the team. Milana is bringing a wealth of experience having worked with Google for 13 years.
Coinbase is planning to establish its presence in the public market. As a result of the legal needs in the market, the company has gone ahead to appoint two veterans, Katherine Minarik and Milana McCullagh, from Dyson and Google who will take up executive roles in its legal and compliance department.
While Katherine is joining as VP and Deputy Counsel of Litigation, Milana will be taking up a role as the Deputy General Counsel of Products and Commercial, according to reports on the new hires.
Katherine and Milana are joining the exchange’s legal team to manage both the internal and external operations on the complaints department, helping to maintain high regulatory compliance standards.
Strengthening the Legal and Compliance unit
This development is coming at a time when the regulatory landscape is evolving, as companies are punished and heavily fined for not maintaining the regulatory standards set by financial regulatory authorities. The regulation is even more prevalent in the digital currency industry. Regulatory bodies have intensified efforts to punish those who did not comply with the operational rules in the industry. Many have been fined heavily, which is exactly what Coinbase intends to avoid by handling industry veterans in the legal department.
During her 13-year stint with Google, Milana led her team to support top products like Google Maps and Google Search. During the period, who helped to solve Google’s complex regulatory issues.
With similar regulatory concerns in the digital currency sector, Milana has been hired to become part of the Coinbase legal team to make sure compliance laws are followed. It is also her role to offer legal input during the launch of any product to make it compliant with the law.
On the other hand, Katherine was in charge of offering legal services and managing legal risks for Dyson in America’s region. She is joining Coinbase’s legal team to help improve regulatory compliance.
Picking up established names in the industry
Coinbase has been busy expanding its legal team by hiring experienced personnel from larger technology corporations. The exchange firm is already valued at $8 billion and is actively pursuing higher growth levels with its recent activities in the industry.
The reason for such personnel acquisition is to expand its product offerings but in the U.S. and internationally.