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The bank’s top anti-money laundering executive is leaving for Facebook-backed payments project Libra. Sterling Daines is leaving Credit Suisse for Libra, a source familiar with the matter said on Tuesday. The bank had poached Daines three years ago from…
Facebook’s global currency project is taking shape – Libra is poaching its first CEO from HSBC. The banker is impeccably connected in government circles. It feels like Facebook is leaving nothing to chance in its renewed attempt to get Libra, a digital…
Digital payment systems such as Libra and Alipay may eventually weaken traditional tools of monetary policy. In doing a good job, central banks can prevent this from happening though, according to a high-ranking Swiss central banker. The Swiss National Bank…
As expected, Facebook announced a brand new cryptocurrency coming in 2020 – Libra. Described as a new digital wallet for new digital currency, the new financial service will allow consumers to keep their cryptocurrency safe, as well as make various…
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