The fintech-friendly nonprofit connects some of the world’s poorest people to “resources and opportunities they need to build strong, stable livelihoods that can withstand future challenges.” Last year it helped some 28 million people in 40 countries struggling with economic instability, natural disasters, and conflicts.
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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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Blockchain Capital co-founders Brad and Bart Stephens have joined the Libra Association (Photo: Blockchain Capital)Blockchain Capital joins Libra Association
Leading VC joins the would-be stablecoin creator, adding a badly needed boost after a summer of rebuilding
Saying the firm believes “deeply in the mission of creating a more equitable payment system,” Blockchain Capital Co-founder and Managing Partner Bart Stephens added that using “blockchain technology to improve financial access and promote innovation has been at the core of Blockchain Capital’s portfolio strategy.”
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Facebook CEO mark Zuckerberg's Libra stablecoin project is taking yet more heat from EU ministers (Photo: Wikimedia Commons/Anthony Quintano)EU leaders to Libra: Follow tough rules or face ban
In new proposals, some of Europe’s biggest economies want Facebook’s stablecoin project to be based in the EU and not in Switzerland… or else
Five of Europe’s biggest economies are urging the European Commission to enforce strict regulations for stablecoins—in the surest sign yet that Facebook’s embattled Libra project isn’t out of the woods despite drastic changes.