Content |
History
2022
Silvergate Capital Property Sale and Project Closure
In January 2022, a cryptocurrency project for which Facebook founder Mark Zuckerberg received a "spread" from the US Congress was officially closed. The Diem Association sold its intellectual property and other assets related to its payment network to Silvergate Capital Corp.
It was reported that Silvergate agreed to buy Diem assets for about $200 million. dollars Diem did not disclose the terms of sale.
Find a sales opportunity for your company's assets
By January 2022, the cryptocurrency project that Mark Zuckerberg once defended before Congress is breaking up under pressure from regulators.
The US Federal Reserve was not enthusiastic about Diem's plans to release steeblocks.
The nonprofit organization Diem Association, a cryptocurrency initiative once known as Libra and supported by Meta Platforms Inc., is considering selling its assets as a way to return capital to its investors.
According to sources, Meta owns about a third of the enterprise, and the rest is owned by members of the association. Members of the association, which includes venture capital firms and technology companies, agreed to invest and pay to join when the group was formed. It is unclear which firms besides Meta ultimately invested in the initiative.
2021: Refusal to apply for a license in Switzerland and transfer operations to the United States
In May 2021, Facebook-backed digital currency launch project Diem Networks will manage a blockchain-based payment system that allows you to translate Diem stablecoins in real time.
Diem Association, an independent organization, decided to abandon global ambitions and focus on the United States.
"Diem plans to launch a payment system from the United States in the first phase, since the project will initially focus on the US market and will be based on US currency."
The association, which includes 26 financial companies and non-profit organizations, said it was transferring its main operations from Switzerland to the United States and withdrawing a license application from the Swiss financial regulator.
2020
Rebranding
Stuart Levey - Head of Libra Association
In early May 2020, Libra Association appointed a former employee of the Ministry of Finance USA Stuart Levey as its chief executive officer. In the ministry, he served as Deputy Minister for Terrorism and Financial Intelligence. More. here
| The site content is translated by machine translation software powered by PROMT. The machine-translated articles are not always perfect and may contain errors in vocabulary, syntax or grammar. Read original article If you find inaccuracies or errors in the results of machine translation, please write to editor@tadviser.ru. We will make every effort to correct them as soon as possible. |