Facebook’s Libra cryptocurrency taps ex-HSBC exec as CFO of payments unit
By Tom Wilson
LONDON (Reuters) – Another former HSBC authorities is heading to the Facebook-backed <FB.O> Libra cryptocurrency enterprise, turning into a member of as chief financial officer of a unit tasked with managing the deliberate digital foreign exchange’s payments system.
The Geneva-based Libra Association, which plans to state of affairs and govern the Libra cryptocurrency, acknowledged in a press launch it has appointed Ian Jenkins as CFO and chief hazard officer of Libra Networks.
Jenkins is HSBC’s former enterprise finance head and group fundamental supervisor, the affiliation acknowledged. He has moreover beforehand labored at Credit Suisse and Santander.
Financial leaders of the world’s seven largest economies acknowledged on Tuesday that no stablecoin – a form of cryptocurrency, such as Libra, that is normally backed by standard property – ought to start out operation until it was appropriately regulated.
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