Bison Trails said its Libra QT product allows developers to read and write on the blockchain hosting the Facebook-founded Libra stablecoin.
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The Libra Association is adding another executive with deep banking and compliance experience (Photo: iStock)Libra adds CFO, chief risk officer
The Libra Association announced that former HSBC, Credit Suisse banker Ian Jenkins has taken on the dual role at the global stablecoin’s governing body
The Facebook-founded group announced on Oct. 15 that Ian Jenkins has taken up the dual role of CFO and chief risk officer. He joins recently appointed CEO Stuart Levey and Chief Legal Officer Steve Bunnell at the helm of Libra’s governing body.
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Libra’s two-year delay
The financial leaders represented by the G7 and G20 countries have said that the Facebook-founded Libra stablecoin will have to wait until mid-2022 at earliest to launch
On Oct. 13, the Financial Stability Board released a report commissioned by the G20 that laid out a timeline that calls for the assessment of global stablecoin rules by July 2022.
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ECB President: Digital euro won’t replace cash, might make room for Libra
European Central Bank President Christine Lagarde may have left the door open for the Facebook-founded stablecoin, saying that a digital euro could compete with private digital currencies
In the biggest hint yet that the ECB is open to the idea of welcoming a project like Libra—subject to regulatory compliance, of course—Lagarde said a digital euro “could provide an alternative to private digital currencies and ensure that sovereign money remains at the core of European payment systems.
