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.
After receiving a fierce and unequivocal pushback from regulators worldwide, an embattled Libra Association now plans to offer digitized versions of single currencies—paving the way for a Libra dollar (LibraUSD), Libra euro (LibraEUR), and Libra pound (LibraGBP) in addition to the Libra payment token (≋LBR).
The Tulip Trust III is the latest in a series of trusts revealed by Craig Wright, who claims to be Bitcoin creator Satoshi Nakamoto. Wright claims the trusts hold the private keys to a cache of 1.1 million bitcoins Nakamoto mined at the beginning of the original blockchain. The vast majority of the cryptocurrency community believes he is lying.
PayPal has formally withdrawn from the Libra Association, the payments company announced on October 4.