• Libra renamed Diem Association
    Cryptocurrencies,  Regulation

    Libra Association dumps ‘Libra’ for Diem

    The rebranded Diem Association will still pursue the launch of a global stablecoin, but in slower baby steps as regulatory hostility continues to grow

    First Facebook tried to distance its toxic name from the Libra stablecoin project it launched and championed by renaming its Calibra wallet Novi in May. Now the Libra Association is following suit, renaming itself the Diem Association in hopes of starting a “new day” for the much-opposed project.

  • 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.