The Libera Association, the group behind the Facebook Digital Assets Quest, revealed an update of its foundation, as the association announced that Sterling Dinars would take over as Chief Compliance Officer, in a statement Presented to Queen Telegraph employees.

Dines will leave his post at Credit Suisse sometime in the year 2020 to take up his role in the Libera League.

Dines joins to ensure safety

"I am delighted to join the Libera Association, and it is working to transform the space for digital payment to enable billions of people," Dines said in the statement.

He added: One of the critical elements to achieving this mission is to ensure that we are building a safe, compatible and reliable platform for all users, and I look forward to contributing significantly.

Libra League focuses on safety in recent recruitment operations

The statement said that Dines had prior experience keeping funds with AML practices while preventing fraud and other nefarious practices.

Dines has experience working for Credit Suisse, the global financial services compliance company, as well as the managing director.

A number of recent LIBRA recruitment processes demonstrate the entity's desire for regulatory compliance.