Key Takeaways:
- Crypto.com, a cryptocurrency exchange and service provider, has hired Visa’s European Head of Regulatory Affairs as its new Vice President, Policy and Engagement for Europe, the Middle East, and Africa (EMEA).
- On LinkedIn today, Roeland Van der Stappen announced his shift to the crypto business.
- Roeland says he’s excited to make a start with crypto and Web3 policy concerns, as well as start sharing all of the amazing stuff his colleagues are working on.
As per a brief description posted on LinkedIn, Crypto.com, a top cryptocurrency exchange and trading platform available around the world, has welcomed an ex Visa regulatory chief to its team.
In his announcement post, he added, “Looking forward to diving into #crypto and #Web3 policy concerns and begin sharing all the fantastic stuff my colleagues are working on.”
According to his LinkedIn page, Van der Stappen is rooted in Brussels. For the past 3.5 years, he has been in charge of Visa’s regulatory affairs throughout Europe. Prior to that, he was Vice President of Government Policy and Public Relations at Barclay’s.
Van der Stappen announced on LinkedIn on Monday that he had been promoted to Vice President, Policy and Engagement for EMEA at Crypto.com (Europe, the Middle East and Africa).
Van der Stappen formerly worked at financial giant Barclays and led Visa’s regulatory affairs team in Europe for three and a half years. Roeland expresses his gratitude to his former Visa colleagues for making the last 3,5 years so gratifying and pleasurable..
Crypto.com was created in 2016, and the company now employs over 4,000 individuals. The exchange has a customer base of over 10 million people and recently expanded its services to the US market.
In today ’s leading Europe, Middle East, and Africa (EMEA) events, Finance Minister Herve Ndoba of the Central African Republic claimed that the use of cryptocurrencies in the country’s economy is on the way, and London’s TrueLayer has launched variable recurring payments (VRP).
Finance Minister Herve Ndoba said the legislation will encourage the use of cryptocurrencies in the Central African Republic’s economy, only days after a proposal to legitimise the decentralised digital currency was introduced. The bill, which was sponsored by Justin Gourna Zacko, the minister of digital economy, post, and telco, is expected to provide a favourable atmosphere for cryptocurrency growth.
Crypto.com has also stepped up its lobbying efforts in the United States, with a strong push into federal lobbying at the beginning of this year. In January, the advertising regulator in the United Kingdom banned two adverts from the company. Crypto.com spent $230,000 on lobbying in Q1 2022, according to lobbying disclosure filings examined by The Block, making it one of the top players in the crypto lobbying arena. It was the first time the corporation has disclosed any lobbying activities.
Crypto.com is headquartered in Singapore, while Foris DAX is based in the Cayman Islands but functions in the United States through Foris DAX, Inc., a Delaware corporation. Foris DAX set up an internal lobbying operation that cost $130,000.
In Q1, the firm hired teams from S-3 Group, Miller Strategies, and K&L Gates for contracts totaling $170,000. Additionally, Blue Star Strategies and Sidley Austin’s lobbying and advocacy teams registered to lobby for Foris DAX, but did not disclose any significant lobbying spending as of the Q1 reporting deadlines.
