CryptoWhistle - Crypto Currency Tracker logo CryptoWhistle - Crypto Currency Tracker logo
Seeking Alpha 2021-05-13 08:47:26

Facebook's Diem digital currency project moves to the U.S.

A long-delayed digital payments project from Facebook (FB), called Diem (formerly known as Libra), is pursuing yet another avenue to get its model off the ground. The company is relocating its main operations from Switzerland to the U.S. as it scales back its global ambitions. It even withdrew its application for a payment system license from the Swiss Financial Markets Authority, noting that the certification wasn't necessary as it pursues a different direction."It's a realization that the effort will require a presence that is acceptable to U.S. regulators," said Richard Levin, chairman of financial technology and regulation practice at law firm Nelson Mullins.Flashback: Facebook first unveiled Libra in June 2019 as part of an effort to expand beyond social networking and "empower the billions of people" that don't have bank accounts. The project, which was to backed by a basket of major currencies, immediately ran into fierce opposition from policymakers

阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约