Bitcoin exchange itBit has hired Daniel Alter as the company’s new general counsel and chief compliance officer, the firm announced on Wednesday.
Alter, who spent three years as general counsel to the New York State Department of Financial Services (DFS), said there was no impropriety in his employment at itBit.
"The New York State Public Officers law requires that I have a two-year recusal before I can appear before the New York Department of Financial Services […]