Blockchain

Libra Chief Praises Its Anti Money Laundering Standards

Libra Chief Praises Its Anti Money Laundering StandardsLibra Chief Praises Its Anti Money Laundering Standards

Libra Chief David Marcus has claimed that the Anti Money Laundering Standards of the underfire project are superior to any other payment networks on the market today.

Libra Scrutiny Means Its On Track, Says Chief

Marcus is the CEO of Calibra, the corresponding digital wallet of Libra, and previously served as president of PayPal and a member of the Board of Directors at Coinbase. Speaking at the Money 20/20 conference in Las Vegas, he said, “I want to say that the efficacy of sanction enforcing can be much higher on Libra than other payments networks.” He pointed to the benefits of blockchain technology in enabling regulators to quickly identify risks in the system without having to rely on external reports.

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