In a statement, Bitcoin Suisse indicated that Klee, who also worked as the chief operating officer at UBS’s wealth management business, will succeed Arthur Vayloyan from April 1st, 2021. Klee is expected to play a crucial role in assisting Bitcoin Suisse to attain a banking licence. Notably, in March last year, regulators denied the platform a banking approval citing inefficiencies in the anti-money laundering protocols.
Crypto sector to expand across Europe
Commenting on the appointment, Klee stated that he expects the cryptocurrency sector to expand across Europe in the coming years. He said that there might be significant changes in regulation, client expectations, and technology in this line. According to Klee, he also expects traditional finance to integrate with cryptocurrencies leveraging blockchain technology. He notes that the trust aspect of decentralized systems appeals to a broader audience. With the appointment, Vayloyan will remain a shareholder and member of the board of directors. Klee’s onboarding comes barely three months after Bitcoin Suisse founder Niklas Nikolajsen hinted that the company might soon earn a stock exchange listing. Furthermore, Klee’s appointment aligns with Bitcoin Susse’s objective of adding more workforce amid an ongoing expansion. According to the founder, they intend to hire between 100-300 staff within the next four quarters.
