© Reuters. Hans-Ole Jochumsen, who retired the last fall as vice chairman of NASDAQ Europe, has joined the advisory board of Concordium Foundation, the Swiss non-profit developing a cryptocurrency with a built-in compliance function.
Revealed exclusively to CoinDesk, Jochumsen will guide Concordium’s compliance efforts, providing expertise in taxation, know-your-customer (KYC) practices, and transaction provenance.
The stock market vet told CoinDesk he was already interested in the blockchain technology while working at NASDAQ and was involved in “multiple activities and projects” related to the tech, for example, blockchain-based electronic voting for the shareholders of NASDAQ’s Estonian branch. He explained that he sees promise in blockchain technology to radically reduce the cost and time of global transactions for the industry he’s worked in for decades.
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