The Diem Association Company – Facebook cryptocurrency developer – thought about the sale of intellectual property to return money to investors, writes Bloomberg. Refuse to implement its ambitious project Mark Zuckerberg forced a federal reserve system (Fed) of the United States and regulatory authorities of other countries.
According to the information of the agency, DIEM is negotiating with investment bankers on how best to sell intellectual property. How much the assets of the company can be estimated, it is unclear: the discussion at an early stage, they said. It’s not a fact that Diem will be able to find a buyer, the interlocutors of Bloomberg say. According to them, Meta (in the past Facebook) now speaks about the third DIEM.
The head of META announced the launch of its own stelkin (cryptocurrencies attached to real assets – money or securities) called Libra in 2019. The creators stated that their product would revolutionize global financial services, their partners were tens of world-famous companies such as Visa, Mastercard, Uber, Coinbase and Spotify. However, Libra caused criticism of regulatory authorities in different countries of the world.
After Zuckerberg was summoned to the US Congress, some partners abandoned the project, and he changed the name on DIEM. In May 2021, the developer said that he agreed on the launch of cryptocurrency with the Silvergate Capital Corporation banking holding company. However, the Fed acted against this, and then the project is completely “subsided.” Later, the American Council of Regulators, the Working Group on Financial Markets under the US President (PWG), explained the causes of their discontent with the product.
In his opinion, the steloscopes can be produced only by adjustable cans if the tokens are intended for use as a means of payment. In case the entire network of users of a huge technological company, such as Meta, will begin to perform operations in such a currency, in the hands of the corporation “there is too much economic power,” the Working Group indicated the Working Group in the report.
stable coins are concerned not only by the US regulators. In September 2021, a group of American activists representing the interests of investors sent the Chairman of the Securities and Exchange Commission (SEC) Gary Generally a letter with a call to strengthen control over the stelkins. After that, PWG stated that he would release a guide to regulate the appeal of this type of assets in the country. In addition, in October, the International Monetary Fund (IMF) called the capitalization of the market of stable coins by the threat to the global financial system. At that time, the total value of all the stelkins reached $ 120 billion.