YoBitcoin
  • Cryptocurrency
    • Cryptocurrency News
    • Cryptocurrency Exchanges
  • Bitcoin & Co
  • Yobit
No Result
View All Result
  • Cryptocurrency
    • Cryptocurrency News
    • Cryptocurrency Exchanges
  • Bitcoin & Co
  • Yobit
No Result
View All Result
YoBitcoin
No Result
View All Result
Home Cryptocurrency News

HSBC Executive Stuart Levey To Run Facebook-Backed Libra Cryptocurrency

Timo by Timo
May 12, 2020
in Cryptocurrency News
0
HSBC Executive Stuart Levey To Run Facebook-Backed Libra Cryptocurrency
89
SHARES
467
VIEWS
Share on FacebookShare on Twitter


On Wednesday, Fb-backed Libra Affiliation named as its new high government Stuart Levey, a former US Treasury official who headed workforce combating monetary crime.

Levey, who has most not too long ago been a chief authorized officer at HSBC Holdings, will handle the group based by Fb to handle a worldwide digital funds system.

Levey mentioned in a launch that “I’m honored to affix the Libra Affiliation because it charts a daring path ahead to harness the ability of know-how to remodel the worldwide funds panorama.”

Previous to becoming a member of main monetary establishment HSBC, Levey served as the primary below secretary of the Treasury for terrorism and monetary intelligence through the George W Bush and Barack Obama administrations.

Katie Haun, a member of the Libra board mentioned that “Stuart brings to the Libra Affiliation the uncommon mixture of an achieved chief in each the federal government, the place he loved bipartisan respect and affect and the personal sector the place he managed groups unfold throughout the globe.”

Levey’s credentials may assist reassure regulators world wide fearful that Libra threatens their sovereignty and will allow legal monetary dealings to keep away from detection.

The affiliation is searching for approval for digital cash in particular person currencies, revamping its cryptocurrency initiative in a transfer aimed toward minimizing disruption to the worldwide financial system.

A plan submitted to Swiss regulators may cut back the bold digital cash initiative unveiled final 12 months and touted as a instrument for monetary inclusion however slammed by international financial leaders.

In accordance with the brand new plan, separate “stablecoins” can be created and pegged to real-world cash such because the US greenback and the euro.

The affiliation, which incorporates Fb and a wide range of companions, mentioned a shift to utilizing particular person currencies was made after listening to feedback and complaints on its authentic proposal.

Libra is quickly scheduled to launch this 12 months however has been battered by extreme criticism from a number of the world’s most influential monetary authorities.

The affiliation mentioned in a white paper that the target is for Libra to enrich current currencies and financial insurance policies whereas slicing prices and enabling broader entry to banking and financing for folks and companies.

Supply: https://devices.ndtv.com/web/information/facebook-backed-libra-appoints-chief-executive-stuart-levey-ceo-2224702



Source link

Previous Post

Cryptocurrency News From Japan: May 3

Next Post

US to call out another round of North Korean hacking

Next Post
US to call out another round of North Korean hacking

US to call out another round of North Korean hacking

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Binance Invests in Major Indonesia Crypto Exchange Tokocrypto

Binance Invests in Major Indonesia Crypto Exchange Tokocrypto

May 12, 2020
Ammous and Voorhees Come to Consensus on Failures of Centralized Powers

Ammous and Voorhees Come to Consensus on Failures of Centralized Powers

May 12, 2020
Bloodbath as Bitcoin nosedives to $8,000, Ethereum $180 and Ripple $0.1780

Bloodbath as Bitcoin nosedives to $8,000, Ethereum $180 and Ripple $0.1780

May 12, 2020
A new form of token sale is gaining popularity, Ethereum could benefit

A new form of token sale is gaining popularity, Ethereum could benefit

June 9, 2020
Paul Tudor Jones calls bitcoin a ‘great speculation,’ says he has almost 2% of his assets in it

Paul Tudor Jones calls bitcoin a ‘great speculation,’ says he has almost 2% of his assets in it

May 12, 2020
Ammous and Voorhees Come to Consensus on Failures of Centralized Powers

Ammous and Voorhees Come to Consensus on Failures of Centralized Powers

May 12, 2020
Billionaire investor Chris Sacca mocks ‘Robinhood bros’ for being reckless: ‘Stonks never go down!’ | Currency News | Financial and Business News

Billionaire investor Chris Sacca mocks ‘Robinhood bros’ for being reckless: ‘Stonks never go down!’ | Currency News | Financial and Business News

January 2, 2021

Teenage Hackers Accused of Cryptocurrency Theft

May 12, 2020

Voyager Digital Partners with Silver Cost Basis to Deliver Comprehensive Year-end Cryptocurrency Gain/Loss Statements in Advance of Regulatory Mandates

May 12, 2020

Tether USDT Surpasses XRP as the 3rd-Largest Cryptocurrency

May 12, 2020

Former hockey player gets 4 years in jail for cryptocurrency fraud

November 2, 2020

GoDaddy Employees Used in Attacks on Multiple Cryptocurrency Services — Krebs on Security

November 21, 2020

Bitbuy, Knox And Insured Custody for Bitcoin Exchange – Bitcoin Magazine

May 27, 2020

US to call out another round of North Korean hacking

May 12, 2020

Bitcoin loving Kanye West renews 2020 push to become US president

July 5, 2020

Ammous and Voorhees Come to Consensus on Failures of Centralized Powers

May 12, 2020

How to buy Cryptocurrency?

If you want to start investing in Bitcoin and cryptocurrencies in 2020, you will first be faced with the big question: Where do I buy Bitcoin? First of all, it is important to distinguish between crypto exchanges and crypto brokers. Both are trading platforms where you can invest in cryptocurrencies.

Recent News

Crypto.com review: Pros, cons, fees and risks

Crypto.com review: Pros, cons, fees and risks

January 2, 2021
Billionaire investor Chris Sacca mocks ‘Robinhood bros’ for being reckless: ‘Stonks never go down!’ | Currency News | Financial and Business News

Billionaire investor Chris Sacca mocks ‘Robinhood bros’ for being reckless: ‘Stonks never go down!’ | Currency News | Financial and Business News

January 2, 2021

Categories

  • Bitcoin & Co
  • Cryptocurrency
  • Cryptocurrency Exchanges
  • Cryptocurrency News
  • Yobit
No Result
View All Result

No Result
View All Result
  • Home