INX hires Keren Avidar as General Counsel ahead of non-deliverable crypto forwards launch

Rick Steves

INX has appointed Keren Avidar as Global General Counsel to provide legal, compliance and regulatory guidance at the broker-dealer and inter-dealer broker.

Keren Avidar will employ decades of experience working in high-ranking leadership positions at prestigious law firms worldwide as INX plans to offer non-deliverable cryptocurrency forwards to Tier-1 banks in the future.

The firm is currently operating two regulated trading platforms for blockchain assets, INX’s interdealer broker, I.L.S. Brokers.

The new Global General Counsel at INX will be involved in setting governance policies, establishing standards and implementing procedures for effective compliance programs throughout the organization.

The legal expert will ensure INX’s solutions for issuing and trading digital assets thrive knowing that all legal and compliance aspects are covered.

Keren Avidar is “ought-after authority” on SEC, CFTC, FINRA, ESMA, EMIR, more

Shy Datika, CEO of INX, said: “We welcome Ms. Avidar to the INX family and are thrilled to have the opportunity to leverage her pristine reputation as one of the finest legal minds in global digital finance. Our continued mission is to work hand-in-hand with U.S. and international regulatory bodies to build successful bridges between the traditional and digital economies at scale. Ms. Avidar has the background and expertise to help us navigate this process now and well into the future.”

Keren Avidar, Global General Counsel at INX, commented: “I’m excited to join the INX team of experienced professionals that continue to innovate the digital asset market, while encouraging regulation. At INX, we believe that the regulatory framework is intended to protect investors and preserve financial stability, which allows for greater growth and adoption. I am privileged to be part of the INX team in our collective efforts to help build the digital asset ecosystem on a solid regulatory foundation.”

As a member of both the New York and Israeli Bar Association, Keren Avidar has become an expert in relevant laws and regulations of traditional and digital asset trading, and dealing with the largest regulatory bodies in the world, including U.S. Securities & Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), Financial Industry Regulatory Authority (FINRA), as well as European Securities & Markets Authority (ESMA), European market infrastructure regulation (EMIR).

INX is looking to leverage Avidar’s knowledge of global trading standards and practices to increase access for U.S. and international investors to the growing opportunities in the digital economy.

Read this next

Metaverse Gaming NFT

DCentral Miami brings together all of Web3, NFT, DeFi, Metaverse

The world’s biggest Web3 meeting entitled DCENTRAL Miami is set to take place November 28-29, featuring a lineup of some of the biggest and most influential names in the blockchain space.

Digital Assets

Crypto ban expands across UK banks as Starling joins ‎crackdown

UK digital bank Starling has banned ‎all customer payments related to cryptocurrencies, another blow for the crypto traders ‎who recently saw a sizable number of banks deciding not to ‎finance the wobbly asset class.‎

Interviews

Markets Direct at FIA EXPO 2022: Traders know what they want from brokers

The FIA Expo 2022, one of the most prestigious events within the global derivatives trading industry, took place in Chicago on 14 & 15 November.

Interviews

FIA Expo 2022: TNS addresses public cloud limitations with hybrid infrastructure

November is the month of the FIA Expo, one of the largest futures and options conferences in the world, bringing together regulators, exchanges, software vendors, and brokers in one place: the Sheraton Grand Chicago Riverwalk. 

Retail FX

Italy’s regulator blacks out Finance CapitalFX, MFCapitalFX

Italy’s Commissione Nazionale per le Società e la Borsa (CONSOB) has shut down new websites in an ongoing clampdown against firms it accuses of illegally promoting investment products in the country.

Retail FX

Suspected leader of Honk Kong ramp-and-dump scam appears in court

A leader of a sophisticated ramp-and-dump scheme made his first court appearance in a Hong Kong court today, charged with market manipulation and various criminal offences. The case stems from an earlier joint operation of Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), and the local police. 

Institutional FX

Cboe’s James Arrante discusses growing demand for fixed income, FX algo

We caught up with James Arrante, senior director of FX & US treasuries product and business management at Cboe Global Markets, to uncover emerging trends in the FX and fixed income markets and learn more about the bourse operator’s recent initiatives.

Retail FX

Eurotrader acquires UK broker Petra Asset Management

Eurotrader Group has formally entered into the UK market with the acquisition of FCA-regulated broker, previously named Petra Asset Management Ltd. The new entity operates under the brand name Eurotrade Capital Ltd.

Inside View, Retail FX

The Game of Chess Continues – OPEC, China and the Oil Market

Over the past decade, the US has been complaining about the amount of power which the BRIC group, and specifically China, has on the global economy. BRIC stands for Brazil, Russia, India and China; these were the world’s fastest growing economies. Only in the past 10 months, the US has turned their attention toward OPEC due to the prices of fuel. Nevertheless, China seems to have a strong influence even over the price of crude oil.

<