As Block.co tries to continually lead the way into the blockchain and the metaverse space, it has become evident that having Strategic Advisors, who are leaders themselves in this space, is a key asset in our decision making, product, and service development. We believe that having such advisors will help Block.co provide greater value to our clients who wish to transition their brands into the Metaverse and Blockchain space.

That is why we are excited and proud to announce that Jeff Bandman will be joining our board of advisors.

Jeff leads Bandman Advisors, a practice advising clients ranging from governments and global firms to start-ups, on how to meet strategic innovation and regulatory challenges. He regularly advises clients on matters relating to FinTech, RegTech, derivatives, crypto assets, blockchain, financial markets and the US and international regulatory framework.  He conducts advanced training seminars for regulators on digital assets and maintains a strong network of personal relationships with regulators in the U.S., Europe and around the world.

In Addition, he is a member of the European Securities and Markets Authority (ESMA) Consultative Working Group of experts for ESMA’s Financial Innovation Standing Committee. He has also been appointed as an Expert to the Expert Panel of the EU Blockchain Observatory and Forum established by the European Parliament and European Commission.

Jeff is also the designated international legal expert to advise the government of the Republic of Cyprus on new DLT legislation, which was submitted for public consultation in September 2021.  He has performed a national risk assessment for the Cyprus AML Advisory Authority, an interdepartmental government body, under new international FATF requirements and methodologies with respect to money laundering risks for virtual assets and virtual asset service providers. Bandman Advisors was commended by the Cyprus Advisory Authority for “their excellent collaboration, insight and meticulous work.” He is advising the CySEC Securities Commission on a new AML Directive for cryptoassets and helped CySEC develop the application for registered virtual asset service providers.

He also leads Regulatory Strategy for Kalshi, an innovative new U.S. exchange recently licensed by the CFTC and dedicated to establishing event contract derivatives as a new asset class. His work with Kalshi commenced while it was incubating at Y Combinator, and he has shepherded Kalshi throughout the process of introducing the exchange to the CFTC, engagement with staff and Commissioners, initiating key partnerships and post-designation activities, as well as engagement with the Hill.

Previously, Jeff was a senior official at the U.S. Commodity Futures Trading Commission, serving under two chairmen.  He joined the CFTC as Special Counsel to Chairman Timothy G. Massad and served as FinTech Advisor to Chairman J. Christopher Giancarlo. Jeff is known as the architect responsible for the design and launch of LabCFTC, the CFTC’s hub for engagement with FinTech innovation (the first launched by a U.S. market regulator).  He was Founding Director and architect of LabCFTC.  He led FinTech and RegTech coordination with domestic and international regulators and led work by international regulators on post-trade digital innovation.  He also established and chaired the CFTC blockchain, virtual currencies and FinTech working group from inception in 2015.

Jeff led the CFTC’s Division of Clearing and Risk, which oversees many of the world’s largest clearinghouses. He also led the CFTC’s Office of International Affairs. He led the negotiations resulting in “Clearinghouse Equivalence” with the European Commission and negotiated equivalence for U.S. futures exchanges to operate in Europe.  He has worked closely with regulators, supervisors, and policymakers from around the world, including the European Union, UK, France, Germany, Hong Kong, Japan, and Singapore. In the US, he worked closely with the Federal Reserve Board to overcome longstanding obstacles and open accounts at federal reserve system banks for house and client collateral lodged at systemically important U.S. clearinghouses.  He also led a strategic initiative on industry data received and used by the CFTC, resulting in changes to streamline swaps data reporting as well as the establishment of data officers and the CFTC’s first data catalog.

Jeff was the Founding Director of LabCFTC and has been a pioneer in regulatory innovation.  He is widely recognized as a thought leader, speaker and educator on financial markets and regulation as well as blockchain and cryptoasset law, regulation, and policy.  He is co-Founder and Board Member of the Global Digital Finance policy initiative and leads its regulatory engagement globally, including the GDF Regulator Forum, a quarterly regulator-only roundtable. He teaches law, policy and regulation of blockchain and cryptoassets at the University of Nicosia’s Institute for the Future (IFF). As Lecturer in Global Affairs at Yale, he taught blockchain, cryptoassets and public policy in the Yale Jackson Institute for Global Affairs.

We are looking forward to the immense value that Jeff’s knowledge and experience will add to the Block.co team, and the greater service that we will provide our customers.

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For more info, contact Block.co directly or email at enquiries@block.co.

Tel +357 70007828

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