Amber Group hires Benjamin Bai as Chief Legal Officer

Rick Steves

Amber Group’s new CO was named one of the World’s Top 300 IP Strategists and one of the World’s 50 Most Influential People in IP in 2020 by Intellectual Asset Management and Managing Intellectual Property respectively.

Amber Group has appointed Benjamin Bai as its Chief Legal Officer at a critical time amid an ever-evolving digital asset landscape, where the impetus for regulation is growing in importance.

The digital asset platform has snatched its new CLO from Ant Group, where he served as its Vice President and Chief Intellectual Property (IP) and International Litigation Counsel.

“World’s 50 Most Influential People in IP in 2020”

Benjamin Bai will be tasked to spearhead the development of robust risk management frameworks and approaches as Amber Group enters different markets with diverse regulatory environments, strengthens its commitment to regulatory compliance and engages with policymakers and regulators globally.

Amber Group’s new CO was named one of the World’s Top 300 IP Strategists and one of the World’s 50 Most Influential People in IP in 2020 by Intellectual Asset Management and Managing Intellectual Property respectively. He was also awarded other prestigious accolades including China Law and Practice’s IP Lawyer of the Year in 2015.

Prior to Ant Group, he was a partner at law firms Jones Day and Allen & Overy in the United States and China, where he focused on high-stake IP litigation and licensing.

Benjamin Bai, Chief Legal Officer at Amber Group, ccommented: “As a fervent advocate for emerging technology, I have witnessed the rapid growth of the digital asset ecosystem in recent years that has underlined its tremendous potential in fundamentally reshaping the global financial ecosystem. As digital assets adoption continues to be on the rise globally, regulation and compliance will be key to sustain its role in the transformation of the financial ecosystem, and I am thrilled to join Amber Group at such a key moment to lead its global Legal and Compliance team. I look forward to working with the team to continue to uphold the highest standards of regulatory compliance, in all of the jurisdictions it operates in.”

Wayne Huo, Chief Operating Officer at Amber Group, said: “I am excited to welcome Benjamin to the Amber Group team. As our team focuses on expanding our products and services offering to effectively accelerate our growth, we believe that Benjamin’s experience and legal knowledge will prove to be an invaluable asset to us. Armed with expertise in blockchain patent filings, IP protection and a background of leadership experience, I am confident that he will strategically steer our team to set new industry standards for regulatory compliance and implement risk management best practices as we embark on our next phase of growth globally.”

Read this next

Digital Assets

Despite crypto winter, Cake DeFi paid out $58 million in Q2 rewards

According to its latest ‘Transparency Report,’ Cake DeFi continued its growth trajectory in the three months through June 2022, even as the entire crypto industry experienced macro challenges this quarter.

Retail FX

SimpleFX Review: Cryptos, Spreads, Pros & Cons

SimpleFX combines years of Forex and cryptocurrency experience with a focus on offering resources to retail traders. 

Retail FX

Ironbeam becomes CME clearing member and launches MT5

“The direct clearing aspect along with our low-latency proprietary trading tools and technology solutions make Ironbeam the ideal trading destination.”

Institutional FX

Top 0.07%: oneZero makes it to Inc. 5000 of fastest growing companies in America

oneZero started out by serving the foreign exchange trading community, developing and executing technology that could scale with the growth of the FX market.

Industry News

CFTC wins case against broker for secretly taking other side of client orders in block trades

“As we said at the outset of this case, the illegal use of inside or confidential information undermines confidence in markets and will not be tolerated.”

Technology

BankiFi raises $4.8m to bring embedded banking platform to North America

“Our mission is to make all aspects of cash management and payments easier for SMBs everywhere, and this investment is another huge step to making that a reality.”

Executive Moves

Shieldpay hires ex-Payoneer Chris Andrews as Head of Sales

“We’ll be expanding our position in existing markets and accelerating growth into new verticals, whilst building on our direct and indirect channels.”

Digital Assets

Crypto.com secures preliminary approval to operate in Canada

Crypto.com, one of the longest-established crypto platforms, has become the first digital asset platform to sign a Pre-‘Registration Undertaking’ with the Ontario Securities Commission (OSC) in Canada.

Retail FX

CySEC hits IC Markets One with regulatory warning

The Cyprus Securities and Exchange Commission has once again stepped up its fight against unauthorized brokers.

<