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Libra Appoints New Chief Compliance Officer, Third C-Suite Executive Appointed with a Strong Compliance Track Record
The Libra Association appointed Sterling Daines as its new Chief Compliance Officer, who is currently the Managing Director and Global Head of Financial Crime Compliance at Credit Suisse. He is expected to leave his position at Credit Suisse and join the Libra Association later this year. Prior to Credit Suisse, he was the Managing Director and Deputy Head of Financial Crime Compliance at Goldman Sachs and has worked as a consultant to the US Department of Justice and the Financial Crimes Enforcement Network (FinCEN).
IMF Chief Economist Says Crypto Won’t Threaten Dollar Dominance Although Global Reserves Decline
The Chief Economist of the International Monetary Fund (IMF), Gita Gopinath, expressed in an opinion piece in the Financial Times that digital currencies would not displace the US Dollar as the currency that dominates the global trade and finance.
Tron CEO Justin Sun Denies Allegations of Third-Party Celebrity Promotions of TRX Cryptocurrency
Tron Foundation’s Chief Executive Officer Justin Sun has come forward publicly to address the allegations that he paid celebrities to promote Tron.
HSBC Chief Legal Officer Stuart Levey Gets Appointed as Libra’s New CEO, Expert in Dealing with Regulatory Backlash
The Libra Association appointed its first CEO, Stuart Levey, the Chief Legal Officer at HSBC Holdings. Levey will be overseeing the Libra digital currency and payments system and holds a strong compliance track record and is expected to join Libra in the coming months. However, HSBC has not shown the same upright compliance record. Levey is also expected to “combine technology innovation with robust compliance and regulatory framework.” The Facebook-led project has invited scrutiny from global regulators, with concerns over its threat to national sovereignty with its potential launch. Many of Libra’s original members, including Vodafone, PayPal, and Visa have also chosen to leave the association.
Former HKEX Executive: Will HkbitEX Issue Its First STO Project Next Year?
On a forum, the Chief Development Officer of HKbitEX said that she hoped the company would issue its first security token offering (STO) project in 2021.
Bitcoin’s Volatility has Slowed Down, according to CoinShares Chief Strategist
Despite the effects of the Covid-19 pandemic, some notable market indexes have hit record highs, making Bitcoin (BTC) appear less volatile according to CoinShares CSO.
Federal Reserve Chairman Powell to Address IMF on Digital Currencies Next Week
Federal Reserve Chairman Jerome Powell will be speaking to the International Monetary Fund (IMF) next week as part of a panel on cross-border digital payments.
Ripple CTO Regrets Selling Ether for $1 Each, Missed Out on Millions as ETH Looking Bullish
Ripple chief technical officer (CTO) David Schwartz disclosed that he previously had 40,000 Ether in his possession, but that he liquidated it in 2012.
Ripple CEO Hints at Firm's Likely Move from US after DOJ Report
Ripple's Chief Executive Officer has hinted that unfavorable regulations may force the company to relocate its headquarters out of the United States.
IOHK Chief Scientist Discusses the Advantages of Cardano's Rewards Sharing Scheme
Chief Scientist of IOHK and Cardano project owner Aggelos Kiayias thinks that decentralization may be Cardano's most important goal.
Bitcoin is Superior to Cash, says MicroStrategy Chief Executive Following $250 Million Investment
MicroStrategy Chief Executive Michael Saylor said Bitcoin is superior to cash after the Nasdaq-listed data analytics firm sent shockwaves through the cryptocurrency world with a $250 million inflation hedge investment into Bitcoin.
Will Bitcoin Survive? IMF Predicts Worst Economy Since "Great Depression" in Aftermath of COVID-19 Global Lockdown
The International Monetary Fund (IMF) has released its quarterly World Economic Outlook for 2020 which paints a bleak picture on how the disruptive economic effects of the COVID-19 virus global quarantine measures, dubbed the ‘Great Lockdown’, will continue to cripple the markets long after the pandemic ends.