The Libra Association, the group behind the proposed digital currency invented by Facebook Inc., named former U.S. Treasury Department official
Levey has been chief legal officer at London-based bank HSBC Holdings Plc since 2012. As leader of the Libra Association, he will work with global regulators to push the project forward -- a daunting task that already led the group to
Before joining HSBC, Levey was under secretary for terrorism and financial intelligence at the Treasury Department, where he helped “combat illicit finance,” the Libra Association said Wednesday in a statement. Much of the skepticism about Libra has centered on concerns that the coin could be used for illegal activity.
Libra, which was announced in June 2019, was conceived and developed by Facebook, the world’s largest social network. It’s now governed by a 24-member independent coalition of companies and nonprofits, though
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