Diem coin buy me love

The currency was initially intended to be a cryptocurrency backed by a basket of cryptocurrencies, but later became a US-pegged stablecoin named Diem launching from Switzerland. It was understood that Facebook was already at a late stage of negotiations with Swiss regulators, but now the company is switching its operations across the Atlantic with the help of US bank, Silvergate. The crypto-friendly institution is set to become the exclusive issuer of the Diem US dollar stablecoin. The switch to the US signals another significant shift of strategy in a long line of changed plans and new directions.



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WATCH RELATED VIDEO: A-Z Steps on How to Create Diem Wallet for Diem Token - How to Buy Diem Coin \u0026 Get 15% Bonus

One of the founders of Facebook's libra digital currency has left the company


Diem, the stablecoin project formerly known as Libra, is dead. The announcement amounts to a death notice, But in Diem's death notice is a curious line that caught the attention of many on Crypto Twitter: "As we undertook this effort, we actively sought feedback from governments and regulators around the world, and the project evolved substantially and improved as a result. In the United States , a senior regulator informed us that Diem was the best-designed stablecoin project the US Government had seen.

It's quite a claim, considering that pushback from regulators is widely seen as the main cause of Diem's demise. And it isn't the first time Diem has said it. In October, in a public response to a letter of concern from Congress, Diem said: "Beyond financial crime compliance, we engaged extensively with an interagency regulatory team about the design of the project. As part of that review, we made adjustments to reflect feedback we received, and we were informed by a senior regulator that Diem is the best-designed stablecoin project that the U.

As a recent Decrypt investigation found , there is ample evidence that the U. Depending on your view of whether more regulation will help or hinder the crypto market, you can either thank or shun Facebook for this move. Diem's sale announcement also praises the Biden Administration's recent report on stablecoins , which may also come as a surprise.

So, is it plausible that a regulator praised Diem? And why bother to remind everyone of that praise in an announcement that the project shutting down? There are a few subplots at play here. First of all, Silvergate, which has bought up the bones of Diem, plans to launch its own stablecoin. It's unlikely it will use the Diem name, but if it's planning to build off Diem's tech, the fact that a regulator smiled upon Diem's design could be a line meant to encourage Silvergate shareholders. If they just said, 'We can't meet regulatory standards,' that bank is going to face some questions.

Still, the language of the line, which Kelly calls "Trumpian," is "just not how regulators talk," he says. So that makes me think it's not made up. But also, this could be anybody, right? It could just be one employee of the government who said, 'Hey, yours is the best one I've seen.

All of this matters for the many players still left in the stablecoin race, even if that no longer includes Meta.

That list includes: Silvergate; Paxos, which is behind USDP and partnered with Meta on its Novi crypto wallet which still exists, though it was originally called Calibra and was meant to hold Libra, which does not exist ; Tether, the largest stablecoin but also the one with the most baggage and questions surrounding it; Circle, which partnered with Coinbase on USDC; and, perhaps most interestingly, PayPal, which is exploring its own stablecoin and will no doubt seek to avoid the same pitfalls Meta's Diem fell into.

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End of the day for the cryptocurrency Meta’s Diem: what you need to know

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More than two years after it was first announced, the Facebook-sponsored cryptocurrency formerly known as Libra appears to be coming to an end. The Diem Association set up by Facebook to manage the digital token is exploring a sale of its assets after meeting resistance by regulators who opposed the initiative, according to a new report by Bloomberg. The U. Originally, Libra was meant to be a digital token backed by a basket of currencies from around the world, but regulators quickly halted that idea. So a simplified design was created, pegging a rebranded Diem token to the US dollar. There have been other recent signs that Diem may not see the light of day. Facebook, which now calls itself Meta, recently launched the digital wallet it originally built for the Diem coin with another stablecoin from Paxos instead.


Scammers Stole $14 Billion in Crypto in 2021. Here’s How Investors Can Protect Their Coins

diem coin buy me love

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Facebook-backed crypto project Diem to launch US stablecoin in major shift

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Things you buy through our links may earn New York a commission. For many of us, Facebook has become a social-media wasteland, littered with conspiracy theories and crock-pot drama. But, unfortunately, Bitcoin is a terrible name for a goat. Max is fine, if a little boring.

By Admin Admin. Investigations In addition to the paraquat buy DIEM online discussed DIEM coin price biochemistry electrolytes and renal and liver function tests, and haematology full blood count should be Diem market cap at least daily.

Diem, the stablecoin project formerly known as Libra, is dead. The announcement amounts to a death notice, But in Diem's death notice is a curious line that caught the attention of many on Crypto Twitter: "As we undertook this effort, we actively sought feedback from governments and regulators around the world, and the project evolved substantially and improved as a result. In the United States , a senior regulator informed us that Diem was the best-designed stablecoin project the US Government had seen. It's quite a claim, considering that pushback from regulators is widely seen as the main cause of Diem's demise. And it isn't the first time Diem has said it. In October, in a public response to a letter of concern from Congress, Diem said: "Beyond financial crime compliance, we engaged extensively with an interagency regulatory team about the design of the project. As part of that review, we made adjustments to reflect feedback we received, and we were informed by a senior regulator that Diem is the best-designed stablecoin project that the U.

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