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Head Of Calibra David Marcus Praises Libra's Money Laundering Standards

Roland James

Summary: CEO of Calibra, David Marcus, had high praise for the Anti-Money Laundering (AML) standards for Facebook’s cryptocurrency project Libra, at the Money 20/20 conference in Las Vegas. Marcus believes that Libra will have the best AML standards stating, “I want to say that the efficacy of sanction enforcing can be much higher on Libra than ...

CEO of Calibra, David Marcus, had high praise for the Anti-Money Laundering (AML) standards for Facebook’s cryptocurrency project Libra, at the Money 20/20 conference in Las Vegas.

Marcus believes that Libra will have the best AML standards stating, “I want to say that the efficacy of sanction enforcing can be much higher on Libra than other payments networks.” Marcus also claimed that this technology can help regulators trace transactions and identify suspicious activities.

By Roland James

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