The goal is to make it faster, easier and less expensive to use digital assets like cryptocurrencies and stablecoins throughout the eurozone by providing a regime of “same risk, same rules, same regulation.”
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Libra has once again dipped its hand into the FinCEN veteran ranks to polish its regulatory image (Photo: Flickr/Marco Verch)Libra Association hires another exec with financial enforcement experience
Robert Werner, a former director of the Financial Crimes Enforcement Network, will become the stablecoin governing body’s general counsel
Robert Werner "brings a wealth of regulatory, financial crime compliance and enforcement experience from his work in both the public and private sectors,” the Libra Association said on May 19.
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Stuart Levey's goal as CEO of the Libra Association is to calm its critics (Photo: Libra Association)Stuart Levey to lead Libra Association, comfort critics
A top HSBC executive and Treasury Department official in charge of financial crimes and sanctions, a big part of the new CEO’s role is to reassure central bankers, regulators, and elected officials
By hiring Stuart Levey the Facebook-founded Libra Association is announcing that compliance—with central bankers, financial regulators, tax authorities, and criminal and intelligence investigators—will be a prime driver as it moves forward.
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Telegram CEO Pavel Durov puts his messaging service up as collateral to save the TON blockchain (Photo: BitcoinWiki).Telegram’s Pavel Durov bets the house on TON
Pummeled by in court by the U.S. Securities and Exchange Commission, Pavel Durov offered TON blockchain investors a choice: a 28% loss now or 10% profit in a year—backed by equity in his Telegram messaging platform
In an April 30 letter to investors, Durov put his stake in the Telegram messaging app on the table, offering to reimburse 110% of their investment with his own money if they let their gram token investment ride for another year. Otherwise, they can cash out now, getting back 72 cents on the dollar.