The Diem Association’s rebrand from Libra was supposed to herald a new day for the project, but a touted 2021 launch may not go as planned.
A stablecoin is a type of cryptocurrency whose value is tied to an outside asset, such as the U.S. dollar or gold, to stabilize the price.
Attorney General William Barr tendered his resignation to President Trump last night, opening up the conversation as to how a Biden-appointed successor will handle crypto.
Executives from Facebook’s ‘Diem’ Association, Circle, Soramitsu, and Coinbase discussed how and when digital currencies will go mainstream, at the Singapore Fintech Festival.
German Finance Minister Olaf Scholz took aim at the rebranded lDiem and said it would take more than cosmetic changes to smoothen regulatory concerns.
Stablecoins are an integral part of the future of the financial system. And Facebook’s Diem, formerly Libra, is part of that future.
But the bill is unlikely to become law any time soon.
Tentative clampdowns coming from both the Treasury and the House in the United States lead this week’s Law Decoded.
The world’s largest audio streaming service is on the hunt for a new associate director to lead its activity within the Libra stablecoin project.
Stablecoins and CBDCs and their related issues of privacy and surveillance lead this week’s Law Decoded.