Leading bank lobbyist hired by Facebook for crypto project, says FT report

14 Jun, 2019
by Alberto Arnaldo
News
Leading bank lobbyist hired by Facebook for crypto project, says FT report

According to an article published today in the Financial Times, Facebook keeps on fueling its hiring spree. Apparently focused on building up a team to take forwards its crypto project, Libra, the last addition to Mark Zuckerberg´s firm has a strong profile into the finance and banking industry.

The former head of group, public and regulatory affairs of Standard Chartered Bank, Edward Bowles, will be taking part into Facebook´s developing of GlobalCoin or Libra, the two names commonly given to a project which has attracted plenty of criticism from most members of the crypto community.

The now ex-employee of Standard Chartered will reportedly be joining FB in September, apparently directing public policy from the London headquarters. The British multinational banking and financial services firm where Bowles used to work before is a sector leader with revenues close to USD 15 billion for 2018.

Further reinforcements for Facebook include Nick Clegg, the former leader of the liberals in UK, and two former compliance managers from Coinbase.

Reports about the advancements being made by the dominating social network towards deploying their cryptocurrency are piling up: just a few hours ago, another article in the Wall Street Journal refered to the participation of firms such as Visa, Mastercard, PayPal and Uber into Facebook´s project, as Chepicap reported.

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Read more about: Facebook ICO

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