The New Libra CEO was a man who enforced anti-money laundering policies under United States presidents according to the latest reports that we have in our Libra news.
The Libra Association announced the appointment of the new Libra CEO who was Obama’s former undersecretary for terrorism. Stuart Levey served as an undersecretary for terrorism under two administrations: George W. Bush and Barack Obama and focused on the enforcement of all United States anti-money laundering and terrorist financing laws and policies by the Financial Crimes Enforcement Network. He also serves as the chief legal officer at HSBC. Levey’s appointment is seen as another attempt from the Libra Association to try and make peace with the regulators.
We’re pleased to announce the appointment of Stuart Levey as the Association’s incoming CEO. Stuart will join over the summer and brings a wealth of experience in #FinancialServices, #Compliance, and #FinancialIntegrity. https://t.co/bVrK12Px4v
— Libra (@Libra_) May 6, 2020
The press release shows the General Partner at Andreessen Horowitz and the Libra Association Katie Huan who is also a board member of the CEO search committee who stated:
“Stuart brings to the Libra Association the rare combination of an accomplished leader in both the government, where he enjoyed bipartisan respect and influence, and the private sector where he managed teams spread across the globe. This unique experience allows him […] strike the right balance between innovation and regulation.”
Levey explained how important and empowering will be to provide these kinds of services to the unbanked population of the world but to also fight illicit activities:
“I am honored to join the Libra Association as it charts a bold path forward to harness the power of technology to transform the global payments landscape. Technology provides us with the opportunity to make it easier for individuals and businesses to send and receive money, and to empower more than a billion people who have been left on the sidelines of the financial system.”
Libra has yet to make compromises to the original version although the platform already made changes. Libra was under a lot of scrutiny from the United States government but maybe now with Levey, who enjoys strong bipartisan support, the platform will have more luck.
The Libra Association now counts 25 members along with major companies such as Coinbase, Uber, Spotify, and Lyft right beside Facebook of course. Checkout.com is not the only new member of the Libra association since earlier this month the non-profit organization Heifer International joined.
We’re pleased to announce that https://t.co/Xq3hKbgJwe are joining the @Libra_ Association. Read the post from our founder and CEO Guillaume Pousaz on the move to bring our payments engineering expertise to the project here: https://t.co/gtzHZQuvuO pic.twitter.com/J3RlqWmexO
— Checkout.com (@Checkout) April 28, 2020
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com
Discussion about this post