Social networking giant Facebook has on-boarded 2 new compliance experts, who antecedently worked at U. S. major cryptocurrency exchange Coinbase.

MikheilMoucharrafie joined Facebook as compliance officer once nearly four years of working at Coinbase. At the exchange, Moucharrafie held positions like support analyst and quality assurance tester, anti-money laundering (AML)/bank secrecy investigator, compliance manager, and risk manager.

Jeff Cartwright spent nearly 5 years at Coinbase as a compliance manager, head of internal audit, and director of regulatory risk and exams. prior to joining Coinbase, Cartwright was concerned in AML practice at Big Four firm KPMG and AML compliance investigations at Goldman Sachs. At Facebook, Cartwright can hold the position of policy and compliance manager.

As Top Market Group reported in March, Facebook began hiring PayPal employees prior to its rumored cryptocurrency launch. the corporate started onboarding dedicated blockchain employees last year, below the auspices of David Marcus, himself a former president of PayPal. Now, around 20th of the team’s 50 members return from the payments platform, a scenario reminiscent of the supposed “PayPal Mafia” govt group of the first 2000s.

That same month, Facebook’s HQ in Menlo Park, California, opened 5 new positions in its blockchain department. the corporate was apparently seeking a growth product manager, product manager, data scientist, programmer, and business operations manager to join its blockchain team.

Recently, news broke that Facebook acquired the rights to the “Libra” trademark for its secretive cryptocurrency project. A source aware of the matter confirmed that Facebook is recruiting monetary corporations to develop its own crypto which the project’s codename and product name is Libra.

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