Cryptocurrency: Libra Appoints Stuart Levey as CEO

• Cryptocurrency: Libra Appoints Stuart Levey as CEO

Facebook led cryptocurrency organisation, Libra Association, on Wednesday announced the appointment of Stuart Levey as its first CEO, the Association stated on its website.

According to the controversial organisation, Mr. Levey brings a wealth of leadership and experience from the public and private sectors to the Association.

Mr Levey currently serves as Chief Legal Officer of HSBC, one of the world’s leading banks with operations in 64 nations and territories. Before joining HSBC, Levey served as the first Under Secretary of the Treasury for Terrorism and Financial Intelligence during the Bush and Obama Administrations. During his tenure, Mr. Levey was instrumental in setting U.S. and international policy to combat illicit finance.

Stuart Levey

“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. I look forward to working closely with governments, regulators, and all of our stakeholders to realize this vision,” said Mr. Levey, the Libra Association’s incoming CEO.

“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 to bring a wealth of knowledge in banking, finance, regulatory policy and national security to the Association and strike the right balance between innovation and regulation,” said Katie Haun, General Partner at Andreessen Horowitz and Libra Association board member who led the CEO search committee. “Stuart shares our vision for using blockchain technology to deliver a more open, inclusive and high-functioning payment system that puts crypto in the hands of billions around the world.”