[2015-06-26] CD:Ex-Coinbase Compliance Exec: Basic Questions Still Hold Back Btc

[Grand_Voyageur]

Ex-Coinbase Compliance Exec: Basic Questions Still Hold Back Bitcoin

Digital gold, decentralized ledger, global currency – it's not easy to explain bitcoin in any setting, let alone to regulators or law enforcement officials.

If the task is any easier today, imagine attempting it in 2013. That was the challenge facing Coinbase's inaugural chief compliance officer (CCO) Martine Niejadlik. A former senior director at eBay and PayPal and senior manager of fraud prevention at Amazon, Niejadlik admits even she had trouble coming to terms with the tech.

"Frankly, the first time [CEO] Brian Armstrong called me to tell me about Coinbase and bitcoin I thought he was nuts," she recalls. "It took me some time, quite a bit of it, to understand why the technology could be very disruptive."

Full story: http://www.coindesk.com/ex-coinbase-compliance-officer-basic-questions-still-hold-back-bitcoin/

[Chef Ramsay]

But he finally realized the benefits of the crypto-coin at last. So much good and can will come from this. Good times ahead.