Facebook-backed Libra appoints former HSBC exec to head cryptocurrency
The Facebook-backed <FB.O> Libra project has appointed former HSBC European head James Emmett to lead Libra's operational unit tasked with developing and operating the project's cryptocurrency payments system, the Libra Association said on Thursday. In May, Libra appointed HSBC's former chief legal officer Stuart Levey -- an erstwhile Under Secretary of the U.S. Treasury during the Bush and Obama Administrations -- to head the association overseeing the project. Its Geneva-based governing body, the Libra Association, in April announced scaled-back plans for a cryptocurrency network linked to individual national currencies and overseen by global watchdogs -- a retreat from its original plans for a single coin backed by a basket of different currencies -- in hopes of winning regulatory approval.
17 Sep 2020 ... By Brenna Hughes Neghaiwi. ZURICH (Reuters) - The Facebook-backed <FB.O> Libra project has appointed former HSBC European head ...