The Libra Association has announced it appointed former U.S. Treasury Department official Stuart Levey as its first CEO.
Currently, Levey is working at HSBC as Chief Legal Officer. Prior to HSBC, Levey worked at U.S. Treasury Department where he helped "to combat illicit finance."
Levey’s leadership will help ensure Libra's vision for innovation, inclusion, compliance and competition can be realized, the association said in an announcement.
The former U.S. Treasury Department official will serve as the overall strategic leader for the Libra project, bringing his expertise to combine technology innovation with a robust compliance and regulatory framework.
"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, all with robust controls to detect and deter illicit financial activity," Levey said.
Earlier iHodl reported that the Heifer International charity foundation joined the Libra Association, becoming the 23rd member of the association.
The non-profit organization Heifer International fights poverty and hunger by helping smallholders.
Meanwhile, the Telegram team said that Telegram Open Network's US investors can not choose the option to sign a loan agreement with Telegram for another year to receive up to 110% of their initial investment or Gram tokens.
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