(Reuters) – Libra Affiliation, the entity handling the Facebook Inc-led work to make international digital forex Libra, on Wednesday named Stuart Levey as its to start with chief government officer.
Levey is at present serving as Main Legal Officer of HSBC.
The prospect of Facebook’s 2.5 billion customers adopting Libra has led to rigorous scrutiny from international regulators, with numerous concerned its launch could erode national control around funds.
Libra’s most outstanding first backers, such as payments giants Mastercard Inc, Visa Inc and PayPal Holdings Inc, also ditched the challenge in the wake of the scrutiny.
In April, its governing