Blockchain
Artifact Labs names Phillip Pon as new CEO to drive Web3 adoption amongst global brands, cultural institutions and intellectual property holders
Artifact Labs, a leading Web3 and NFT company based in Hong Kong, today announced the appointment of Phillip Pon as CEO. Pon, who brings a wealth of experience in the blockchain industry, will take over for Gary Liu who moves onto the company’s Board as Founder and Director. With Pon’s hiring, Artifact Labs will accelerate its mission to ‘Preserve and Connect History’ on the blockchain, and the company remains committed to helping organizations embrace Web3 technologies.
Pon was previously the Group Chief Operating Officer for BC Technology Group and President of OSL (HK stock code: 0863), a publicly traded digital asset company. In that role, he led day-to-day operations and helped the pioneering crypto trading platform become Hong Kong’s first regulated token exchange. Previously, Pon also served as Chief Operating Officer of Lumenix, a global energy services company, and was long-time senior executive at Gerson Lehrman Group across Asia and Europe.
Liu, who will continue to work with Artifact Labs partners and support key projects, said, “I am ecstatic that someone with Phillip’s expertise will guide the future of the company. He brings a deep understanding of how blockchain technology can revolutionize traditional markets, and how digital assets can serve a new generation of consumers. I am proud of what we have achieved at Artifact Labs, and I look forward to seeing Phillip lead the company to even greater impact.”
Pon said, “I am thrilled to join Artifact Labs as CEO. Artifact Labs is dedicated to helping brands, cultural institutions and other intellectual property rights holders design and execute a strategy to enter Web3 with confidence and with measurable returns. We are keen to support those ambitions and I am excited to drive this mission forward with our talented team.”
In January, Artifact Labs announced its partnership with celebrated Hong Kong retailer Goods of Desire (G.O.D.) to launch “請: The Invitation” (pronounced cing2 in Cantonese), an NFT project and community for rediscovering Hong Kong through exclusive and reality-bending events, and engagements with the city’s most unique characters, all while preserving Hong Kong’s most significant historical assets on the blockchain. Artifact Labs will also debut the world’s first Metaverse Symphony in May of 2023, in partnership with the world-renowned Hong Kong Philharmonic Orchestra.
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Blockchain
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Blockchain
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
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