LONDON, May 21, 2024 /PRNewswire/ -- Wirex, a leading
Web3 money app, is proud to announce that Chet Shah, Global Chief Risk & Compliance
Officer at Wirex, has joined CryptoUK's newly established Policy
Committee.
CryptoUK, the premier trade body representing the UK's digital
asset sector, formed its new Policy Committee which brings together
industry-leading experts from the legal, regulatory, and compliance
sectors. The committee's mission is to provide strategic policy
guidance, advocate for regulatory clarity, and foster innovation to
support the growth of the UK's digital assets industry.
This appointment underscores Wirex's commitment to advancing
regulatory clarity and innovation in the digital asset sector.
Chet brings a wealth of experience in risk and compliance. His
background covers banking, auditing, and traditional finance, as
well as solid expertise in the cryptocurrency space. At Wirex, Chet
has been crucial in building and improving relationships with
global regulators, including the Financial Conduct Authority, and
authorities in countries including Singapore, Croatia, and Italy.
Chet's approach prioritises commercially focused compliance and
risk management, ensuring that Wirex operates smoothly at the
intersection of traditional finance and Web3. His ability to
balance regulatory requirements with innovation has been key to
Wirex's growth and success.
Commenting on his appointment, Chet said, "My experience aligns
perfectly with the committee's goals and together, we can advocate
for policies that balance regulation with growth in the digital
assets space."
About Wirex
Wirex is a prominent UK-based digital payments platform with
over 6 million customers spread across 130 countries. It offers
secure accounts, making it easy for users to store, purchase, and
exchange multiple currencies seamlessly. As a principal member of
both Visa and Mastercard, Wirex goes beyond traditional services,
embracing the evolving trends of Web3 to provide mainstream access
to digital finance and wealth management.
Having processed transactions totalling $20 billion, Wirex aims to contribute to the
adoption of a cashless society by facilitating straightforward
transactions in various currencies worldwide. Wirex is simplifying
digital payments, making it more accessible and convenient for
people across the globe.
| wirexapp.com |
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