Ripple Looks to Improve Compliance and Expand Globally with New Hire
Ripple, after its recent legal battle with the SEC, is prioritizing compliance and regulatory developments. To achieve this, the company is actively seeking a “Web3 Specialist, Global KYC & Due Diligence” to mitigate risks associated with institutional clients and ensure compliance with regulations like AML and economic sanctions.
Key Points:
– Ripple is hiring a compliance specialist to avoid future legal issues.
– The role will focus on due diligence and regulatory compliance.
– The company intends to continue operating in the United States.
– Ripple is expanding globally and has significantly increased its job postings.
– The hiring strategy reflects a move towards worldwide expansion.
Ripple’s expansion efforts come at a time when the industry is experiencing layoffs. Despite this, the company has increased its job postings by 26.9% between January and April 2023. While the hiring trend in the US has slightly declined, Ripple has ramped up its recruitment efforts in Canada, Poland, India, and other countries. This global hiring strategy allows Ripple to access international talent and overcome regulatory challenges in the US.
Hot Take:
Ripple’s focus on compliance and global expansion shows its determination to move forward after the SEC lawsuit. By actively seeking talent and diversifying its presence in different markets, Ripple aims to ensure regulatory compliance and avoid future legal battles. However, while Ripple’s growth continues, its native token, XRP, has struggled in the market.
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