Hot Topics

Advertisement

Advertisement

Former HSBC executive joins Libra Association as its new CFO

 
Former HSBC executive joins Libra Association as its new CFO
Breaking News / Libra

Quick take

1 minute read

  • Libra, the yet to be released cryptocurrency project from Facebook has just brought on board its chief financial officer and chief risk officer for the future of the project. 
  • Ian Jenkins, A former executive at HSBC bank it’s going to be taking care of the finances for the Libra network and its risk management according to an announcement published earlier this week on the 15th of October.

Libra, the yet to be released cryptocurrency project from Facebook has just brought on board its chief financial officer and chief risk officer for the future of the project. 

Ian Jenkins, A former executive at HSBC bank it’s going to be taking care of the finances for the Libra network and its risk management according to an announcement published earlier this week on the 15th of October.

This all comes just days after the multi-government group G7 explained that the project from the social media network needed to have the right regulation measures in place before it releases itself to the world. Concerns from G7 said:

“The G7 continues to maintain that no global stablecoin project should begin operation until it adequately addresses relevant legal, regulatory, and oversight requirements through appropriate design and by adhering to applicable standards.”

Speaking on joining the team at the Association, Jenkins said the following:

“I am excited to join the Libra Networks leadership team at a time when innovation in the financial sector has the potential to empower billions of people worldwide. The Libra project is poised to transform the industry and I am looking forward to being part of this team.”

Managing director of the network, James Emmett also discussed the new team member saying that his expertise in global finance and risk strategy he’s going to be essential for the future of the project. Emmett also went on to add how he looks forward to working with Ian as they move forward into the next phase of the project, operations.

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

You can share this post!

Advertisement