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Facebook-backed Libra appoints former HSBC exec to head cryptocurrency

Its Geneva-based governing body, the Libra Association, in April announced scaled-back plans for a cryptocurrency network linked to individual national currencies and overseen by global watchdogs in hopes of winning regulatory approval.

Association head Levey, a former colleague of Emmetts at HSBC, said he was confident Emmett would help make Libras vision a reality.

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