hsbc holdings
HSBC Chief Legal Officer Stuart Levey Gets Appointed as Libra’s New CEO, Expert in Dealing with Regulatory Backlash
The Libra Association appointed its first CEO, Stuart Levey, the Chief Legal Officer at HSBC Holdings. Levey will be overseeing the Libra digital currency and payments system and holds a strong compliance track record and is expected to join Libra in the coming months. However, HSBC has not shown the same upright compliance record. Levey is also expected to “combine technology innovation with robust compliance and regulatory framework.” The Facebook-led project has invited scrutiny from global regulators, with concerns over its threat to national sovereignty with its potential launch. Many of Libra’s original members, including Vodafone, PayPal, and Visa have also chosen to leave the association.
HSBC Rolls Out Metaverse Fund for Premium Clients in Singapore and Hong Kong
As the metaverse continues to gain momentum, HSBC Holdings has established a fund to render investment opportunities to its high and ultra-high net worth investors in Singapore and Hong Kong.
HSBC Successfully Executes First Blockchain Letter of Credit in Malaysia
HSBC announced its successful execution of a pilot live blockchain letter of credit (LC) transaction in Malaysia on Oct. 14.
HSBC Becomes the First Bank to Finance Transaction via Hyperledger
Multinational banking giant, HSBC has reportedly become the first bank to complete a financial transaction using the blockchain trade platform, we.trade based in Europe.
HSBC and Wave Facilitate Blockchain-Powered Trade Between New Zealand and China
HSBC and Wave facilitated a blockchain trade transaction for the shipment of milk powder from New Zealand dairy processor Fonterra to China’s Sichuan New Hope Trading.
Facebook-Backed Association Picks Another Former HSBC Executive as Libra Network's CEO
James Emmett, the former HSBC executive, is joining Libra Networks as the new managing director. He will assume his new role on October 1.
Oman Oil & Orpic Group and HSBC Digitize Trade Finance with the Execution of their First Blockchain Trade Transaction
Oman Oil & Orpic Group and HSBC Bank Oman have succeeded in carrying out their first trade transaction via blockchain technology.
Libra Association Appoints Former HSBC Executive Ian Jenkins As CRO and CFO Of Payment Systems
Libra Association has announced the appointment of former HSBC executive Ian Jenkins as chief risk officer and chief financial officer of Libra Networks.
Mike Novogratz Intends to Donate Most of His Bitcoin Holdings to Charity, But With a Condition
Mike Novogratz has stated that he would be donating most of his Bitcoin (BTC) holdings to charity.
US Tax Office Warns Coinbase Users To Declare Crypto Holdings Before IRS Clampdown
The IRS may soon start clamping down on crypto users particularly those affiliated with Coinbase exchange who do not properly report their crypto holdings.
Russian Civil Servants Required to Declare Crypto Holdings Beginning in 2021
Russia’s public officials will be obligated to declare all their private cryptocurrency and digital asset holdings, effective from the start of 2021.
SBI Holdings Supports Ripple, says that XRP is not a Security in Japan
While many in the crypto industry have moved away from XRP, SBI Holdings has made it clear that it is still a firm supporter of Ripple.
OKG Holdings Says OKEx Founder Investigation Won't Impact Business, OKB Price Plunges Further
OKG Technology Holdings Limited has announced that operations won't be affected, despite the PRC investigation into controlling shareholder and OKEx Founder Star Xu.