Altcoin News: Facebook Gathers a Team to Solve Regulatory Problems of the Calibra

August 26, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

Facebook is putting together a team to help ensure that the Calibra cryptocurrency wallet complies with legal requirements. Thus, the company intends to try to convince regulators in Europe and the United States that its digital currency Libra does not carry legal risks. The job posting appeared on Facebook’s career website overnight.

Facebook intends to hire a variety of specialists for its new team. For example, one of them will “lead the identification and analysis of our regulatory requirement and create policies, procedures and controls to ensure Calibra is fully compliant with all Sanctions requirements.”

This person will work with Calibra’s legal and political teams, as well as with Facebook partners and government departments.

In addition, Facebook is looking for additional specialists in the field of general legal compliance. One of them should be an experienced banking professional who will deal with problems in the context of combating money laundering and ensuring that Calibra complies with the provisions of the Bank Secrecy Act.

In total, Facebook posted 27 vacancies related to the Calibra wallet. A number of them also concern the study of data designed to help a social network understand how people interact with the application.

Earlier in the U.S. Congress, they said they were not going to give up watching Facebook’s cryptocurrency initiative.

Author: Marko Vidrih