Bitbuy Hires New Head Of Regulatory Affairs And CCO

Bitbuy is proud to announce the hiring of Torstein Braaten, as our new Head of Regulatory Affairs and Chief Compliance Officer.

This executive role will have an emphasis on legal, regulatory and operational compliance.

Torstein will work closely with Canadian regulators to move Bitbuy towards registration with Canadian Securities Administrators and IIROC as a dealer and marketplace.  He will also oversee other areas of compliance within the company.

Torstein was previously the COO and CCO at Instinet Canada and Instinet Canada Cross, a firm that focuses on trading global markets, operating venues and data analytics solutions for institutional investors.

“We are excited to welcome Torstien to the Bitbuy team,” said Michael Arbus, chief executive officer of Bitbuy. “This newly created head of regulatory affairs & chief compliance officer role emphasizes Bitbuy’s continued commitment to working with regulators and improving overall compliance within the maturing Canadian cryptocurrency industry.”

Prior to Instinent, Torstein was the CCO at BMO Capital Markets, and CEO and CCO at TriAct Canada Marketplace.

Torstein has served as a member of the Ontario Securities Commission Fintech Advisory Committee and currently a member of IIROC’s Crypto-Asset Working Group.

Overall, Torstein has 3 decades of experience in compliance, risk management and capital markets.

Welcome aboard Torstein!