• Libra adds CFO chief risk officer
    Libra

    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.

  • Libra’s two-year delay
    Libra,  Regulation

    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.

  • Europe regulate crypto assets
    Cryptocurrencies,  Europe,  Regulation

    Europe unveils plans to regulate cryptocurrencies. It’s good news and bad news

    While the proposed measures will make it easier for crypto companies to operate across the EU, global stablecoin issuers are going to face ‘stringent requirements’

    Under the new rules, a fintech company that obtains a license to operate in one EU nation will be able to provide services in the trading bloc’s 26 other member states automatically.

  • Lagarde digital euro Libra
    Cryptocurrencies,  Politics

    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.

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