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Zoom Video Communications, Inc Chief Acctg Officer sold: $9.16m-Feb 3
Zoom Video Communications is a company headquartered in San Jose, California that provides remote conferencing services using cloud computing. Zoom offers communications software that combines video conferencing, online meetings, chat, and mobile collaboration
Roy Benhorin
Financial executive (CPA) with 20 years of diverse experience in IPO’s, capital raising, worldwide finance operations, M&A, strategic FP&A and domestic and international tax ops for SaaS and e-commerce public and private companies.
Successful in co-leading Zoom’s IPO and issuing the company’s stock at premium valuation. Help driving Zoom’s financial operations to accomplish exceptional financial positive performances. Co-leading the company’s end to end financial operation readiness process, to act as a public company, from a young private company to a billions-dollar leading public entity
M&A experience - Successful in co-leading and helping management in buy-side (Chegg) and sell-side (WatchDox, Blackberry) deals by leading diligence, close, and integration of half a dozen of acquisitions.
https://www.linkedin.com/in/roy-benhorin-9350137
https://www.finviz.com/insidertrading.ashx?oc=1773302&tc=7&b=2
Central bankers to forge ahead on digital currencies in April
Chiefs from Japan, Canada and Europe will meet and focus on cross-border transfers.
TOKYO – The heads of six central banks and the Bank for International Settlements in mid-April will hold their first meeting on developing their own digital currencies, which can serve as alternatives to Facebook's Libra or the digital yuan.
The central banks of the U.K., Switzerland, Sweden, Canada and Japan as well as the European Central Bank formed a working group with the BIS in January for joint research on central bank digital currencies.
The central bankers aim to create standards that will govern how digital currencies are used to make international payments between the banks. Security measures will be another key topic. As this group researches digital currencies, "it's quite natural to consider how to make international transactions more convenient," Masazumi Wakatabe, deputy governor of the Bank of Japan, said Wednesday, an area that is currently notorious for high fees.
China leads research on central bank digital currencies, which have the potential to reshape the financial system, and the People's Bank of China plans its own digital yuan.
The BOJ currently has no plan to issue its own digital money.
Senior representatives of the banks, such as deputy governors and directors, along with working-level officials will prepare their findings before the leaders meet on the sidelines of an international conference in Washington. The group intends to issue an interim report in June and a final report in the autumn.
https://asia.nikkei.com/Spotlight/Cryptocurrencies/Central-bankers-to-forge-ahead-on-digital-currencies-in-April
Fedcoin? The U.S. central bank is looking into it
The Federal Reserve is looking at a broad range of issues around digital payments and currencies, including policy, design and legal considerations around potentially issuing its own digital currency, Governor Lael Brainard said on Wednesday. Brainard’s remarks suggest more openness to the possibility of a Fed-issued digital coin than in the past.
“By transforming payments, digitalization has the potential to deliver greater value and convenience at lower cost,” Brainard said at a conference on payments at the Stanford Graduate School of Business. She did not touch on interest rates or the current economic outlook.
“But there are risks,” Brainard said, in a partial reprisal of her own and other global central bankers’ worries about the rise of private digital payment systems and currencies, including Facebook’s Libra digital currency project.
“Some of the new players are outside the financial system’s regulatory guardrails, and their new currencies could pose challenges in areas such as illicit finance, privacy, financial stability and monetary policy transmission,” she said. Central banks globally are debating how to manage digital finance technology and the distributed ledger systems used by bitcoin, which promises near-instantaneous payment at potentially low cost.
The Fed is developing its own round-the-clock real-time payments and settlement service and is currently reviewing 200 comment letters submitted late last year about the proposed service’s design and scope, Brainard said.
But the Fed is also, she said, “conducting research and experimentation related to distributed ledger technologies and their potential use case for digital currencies, including the potential for a CBDC (central bank digital currency).”
Dozens of central banks globally are also doing such work, a recent international study showed, with China moving ahead on plans to issue a digital coin. Less than two years ago Brainard told a conference in San Francisco that there is “no compelling demonstrated need” for such a coin.
But that was before the scope of Facebook’s digital currency ambitions were widely known. Fed officials, including Brainard, have raised concerns about consumer protections and data and privacy threats that could be posed by a currency that could come into use by the third of the world’s population that have Facebook accounts.
At Wednesday’s conference, Brainard said the Facebook Libra project “imparted urgency” to the conversation around digital currencies. “We are collaborating with other central banks as we advance our understanding of central bank digital currencies,” she said. With more countries looking into issuing their own digital currencies, Brainard said, that adds to “a set of reasons to also be making sure that we are that frontier of both research and policy development.”
In the United States, Brainard said, issues that need study include whether a digital currency would make the payments system safer or simpler, and whether it could pose financial stability risks, including the possibility of bank runs if money can be turned “with a single swipe” into the central bank’s digital currency.
Other issues include privacy and fraud protection, and even whether the coin would be considered legal tender.
https://www.reuters.com/article/us-usa-fed-brainard/fedcoin-the-u-s-central-bank-is-looking-into-it-idUSKBN1ZZ2XF
>why not?
just a band-aid anon. the system they have known for 106 years is collapsing. It's all fake bullshit.