The former head of compliance at State Street, Elaine Sun Ye Lin, accepted a proposal to work as director of compliance at Huobi. The third biggest exchange in monthly trade volume hired Lin for her vast experience in the institutional market. After a long period, since september 2012, Lin leaves the the second oldest bank in United States to face the challenges in the financial crypto market.
The new director shall work in the crypto company analyzing the regulation of different countries. Lin’s professional career have a large experience with the Chinese regulation, working at OCBC Bank and Bao Steel Real Estate. Thus, the HR director of Huobi, Fu Liting, believes that Lin have a great value to the company. Regulatory issues have been closely watched by crypto market firms due to growing regulatory.
Recruited by head hunting company CryptoRecruit, Lin now joins to the team of talents identified by this company specialized in recruit professional to crypto market. According to CryptoResult director, Neil Dundon, there is a great demand for professionals with knowledge related to the crypto market. Thus, more and more, companies pay higher salaries to attract skilled professionals to work with crypto technologies.
The preparation of crypto companies to regulatory issues
The investment to hire professionals like Lin shows the attention of crypto companies to regulatories issues. Many countries now works to create his own regulation to crypto market, as Japan have done. Most of the crypto companies prepares his business to a big change in the crypto scene in the coming years. Therefore, the sobriety of crypto companies shows his potential to make the market grow much more in a near future.
The crypto news portal CoinDesk reported the hiring of Lin by Houbi at January 15.