The leading fiat-focused digital asset exchange, OKCoin, conducted an in-house promotion for two of its officers, Tim Byun and Hong Fang, as the exchange continues to expand to new territories, according to a recent blog post.
Byun, who's been the CEO of OKCoin, was appointed as the Global Government Relations Officer (GGRO) for OKGroup, while the company's current Chairman, Fang, occupies the position as the new CEO. The latest posts will be effective from March 31.
"This new appointment is an exciting challenge, and a once-in-a-lifetime opportunity as our group continues to expand to new territories," Byun said, believing that working transparently with regulators and governments is essential for the exchange and crypto ecosystem to advance even further.
Byun reportedly facilitated the formation of OKCoin's U.S. entity as well as the launch of the company's first office and headquarters in the United States.
In his new role as GGRO of OK Group, Byun is expected to oversee the geographic expansion and maintain constant dialogues with regulators and governments on behalf of OKGroup, including the exchange.
He thinks that the cryptocurrency industry will become truly global and advanced with the regular collaboration of governments, specifically those authorities who are still observing the sector in order to formulate new regulatory frameworks for them.
Fang is a growth equity investor, and a former Goldman Sachs banker, who joined in July 2019, as OKCoin Chairman and OK Group COO. She assisted the company in enabling fiat-to-crypto trading services in more states in the U.S. as well as to expand to new geographies.
"With her natural leadership skills and her distinguished career in finance and business strategy, I have no doubt that she'll take OKCoin to new heights and achieve our mission of making digital assets accessible to the world," Byun noted in the report.
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