Recently, Crystal, a leading blockchain intelligence company focusing on cryptocurrency regulatory compliance and risk monitoring, announced the appointment of Navin Gupta as its new CEO. Gupta succeeds Marina Khaustova, who transitioned to the new role of Crystal’s Chief Operating Officer.
Gupta joins Crystal from Ripple, where he successfully drove the company’s growth in the Middle East and Africa and South Asia markets. His extensive entrepreneurial experience from roles at HSBC and CitiBank, as well as his role as co-founder of a commercial transportation technology platform, make Gupta the ideal person to guide Crystal’s next phase of expansion.
Along with important regulatory and market developments, cryptoassets are increasingly becoming mainstream. Against this backdrop, Crystal appointed Gupta to expand its blockchain smart solutions to global authorities, virtual asset service providers (VASPs), traditional financial sector and cryptocurrency stakeholders.
Brian Brooks, a Bitfury board member and former Comptroller of the Currency, said: “Recent developments such as the approval of the Bitcoin ETF have both created the conditions for increased demand for digital assets and laid the foundation for compliance tools to keep pace with regulatory expectations. Around the world Regulators and financial institutions must equip themselves with the best toolsets and smart technologies to keep pace with the times and be fully prepared to deal with any potential risks in this asset class.”
Gupta said, “Marina and Crystal have been at the forefront of developing superior blockchain smart solutions. As adoption continues to increase, we are committed to leveraging new-age technology to stay ahead. Competent authorities need superior intelligence and cutting-edge tools to navigate these changes, while traditional financial institutions are also seeking to effectively manage risks as they enter the digital asset market. Our goal is to put our customers first and bring our solutions to every corner of the world.”
Since 2019, Crystal has expanded its presence into major financial centers including North America, the United Kingdom, Europe, and the Middle East and Africa, serving financial institutions, investigators, and Competent authorities empower. By focusing on delivering its unique solutions to law enforcement and authorities, Crystal doubled its customer base in 2023. The product provides real-time indirect risk assessment, monitors more than 50,000 entities and organizations, and provides proprietary training programs for professional cybercrime investigators.
SOURCE: BusinessWire