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.
Thanks to Senate financial disclosure forms filed on May 1, we know a great deal about the cryptocurrency options and futures platform leader’s wealth, including the fact that she and her husband have been selling off investments at a furious pace.
The COVID-19 crisis will spur global adoption of blockchain, Chamber of Digital Commerce founder and president Perianne Boring predicted. “We’re seeing all kinds of critical systems being stress tested and cracking under the current demands," she said.
The People’s Bank of China (PBoC) said in an April 17 release that its prototype, central bank-issued digital yuan is being put through its paces in Shenzhen, Chengdu, Suzhou, and Xiong’an, which lies about 60 miles from Beijing. It will also be tested at the 2022 Winter Olympics in Beijing.