Bitfrost has appointed Eva Lorenzo as Head of Compliance, where she will lead a team of staff responsible for ensuring regulatory compliance and organizing licensing expansion in Gibraltar, Switzerland, Cyprus, Hong Kong, and the UK.
Eva Lorenzo is a compliance and MLRO professional with more than 10 years of experience in expertly implementing appropriate local and international regulations.
She joins Bitfrost from INX Limited and Intertrader Limited, where she focused her oversight on implementing a robust compliance and financial crime program, compliance risk management, quantitative analytics, and staff training.
Anton Chashchin, Managing Partner at Bitfrost.io, commented: “It’s rare to come across a compliance professional with experience, leadership skills and deep knowledge of both cryptocurrency and banking sectors – which is why Eva will be the key to enhancing the compliance program of Bitfrost. We believe that this appointment will significantly impact the development of Bitfrost and the effectiveness of its communication with regulators.”
Eva Lorenzo, Head of Compliance at Bitfrost, said: “I am delighted to join Bitfrost’s team of professionals as Head of Compliance and look forward to this exciting period of collaboration, growth and new achievements. I believe that Bitfrost’s compliance commitment will provide clients with a new level of transaction security and trust. My ambition is to strengthen this process.”
The first priority in terms of Bitfrost’s development is to register the business as a Virtual Asset Service Provider (VASP) and then begin the process of obtaining a DLT License in Gibraltar that protects consumers and businesses as well an EMI Licence in the same region.
Then, Lorenzo will aim at Switzerland, Cyprus, Hong Kong, and the UK for Bitfrost’s licensing expansion.
In November 2021, Bitfrost welcomed Anton Chashchin as Managing Partner, taking on the role to spearhead the firm’s international growth.
Anton Chashchin was the Chief Business Development Officer at OKONTO, where he played an integral role in the firm’s evolution as a premium provider of institutional digital asset services.
OKONTO was then acquired by Bifrost and Chashchin’s invaluable expertise and strong relations with institutional clients are expected to lead Bitfrost’s strategic growth trajectory across all business areas as the firm expands its operations in Switzerland, the EU, Gibraltar, and Singapore.
The new managing partner at Bifrost has more than 10 years of experience in digital markets, including the role of Managing Partner at CEX.IO Prime after working at the digital asset exchange as Head of OTC Desk and Commercial Director at CEX.IO Loan.
His biggest accomplishment was the founding and leading the business development of OKONTO since 2011, a time when blockchain and cryptocurrency exchanges were still a new thing and there were no roadmaps available to develop, implement, and expand such infrastructure.
At OKONTO, he was a leading figure in the building of the platform’s crypto infrastructure and the wider digital asset industry. OKONTO is registered in Estonia since 2011. The company’s activity is regulated by the Estonian Financial Intelligence Unit under the provisions of Money Laundering and Terrorist Financing Prevention Act.
The company is licensed to provide services of exchanging a virtual currency against a fiat currency and carrying out financial operations, and licensed to provide a virtual currency wallet service.