The parent company of BitMEX, the bitcoin trading platform, has hired a new general counsel as the U.S. Commodity Futures Trading Commission has been ramping up scrutiny over U.S. residents using similar international platforms not registered with the agency.

HDR Global Trading Ltd., the company behind what it claims is the world’s largest cryptocurrency derivatives trading platform, has appointed Derek Gobel to lead its legal affairs. According to a company statement, Gobel most recently served as BNP Paribas’ general counsel for Asia-Pacific. His LinkedIn profile says he is based in Hong Kong, where the Republic of Seychelles-based BitMEX has an office.

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