“Despite giving us positive substantive feedback on the design of the network, it nevertheless became clear from our dialogue with federal regulators that the project could not move ahead. As a result, the best path forward was to sell the Diem Group’s assets, as we have done today to Silvergate .”31 Oca 2022
Read moreWhat happened Diem crypto?
Meta’s experiment with cryptocurrency, Diem, is shutting down . The Diem Association, which runs the project, announced the sale of assets of the cryptocurrency venture to Slivergate Capital Corporation for $182million. Launched as Libra in 2019, the project quickly ran into opposition from policy-makers.
Read moreIs Diem crypto dead?
NEW DELHI: Meta, formerly Facebook, may have abandoned the Diem cryptocurrency project, but it isn’t quite done with blockchain-based payments yet.
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