j wholesale jewelry Remember libra? Zuckerberg's ambitious "currency issuance" is facing disintegration

real wholesale jewelry display stands Under the overwhelming pressure of the United States, Zuckerberg's ambitious "currency issuance" was not easy to go, and even faced "completely disintegration".
Why did Zuckerberg choose the Yuan universe? Or it is related to the obstruction of the issuance of the coin. According to overseas media reports, the DIEM cryptocurrency association (formerly Libra) supported by Meta (former Facebook) is considering packing and selling related assets to refund the investment of early investors. It is reported that DIEM is discussing the best solution to sell its intellectual property rights with investors. In addition, Meta has about one -third of the DIEM association's shares, and the remaining shares are held by members of the association. It is unclear which companies have participated in DIEM associations.
Printer information shows that the DIEM association was formerly known as LIBRA and proposed in June 2019 that the headquarters is located in Geneva, Switzerland. At first, the support from the currency circle and the chain circle, coupled with the support of 7 large companies including Visa and Paypal, undoubtedly made LIBRA born with a golden spoon. Imagine, assuming that Libra gets a VISA card of less than 20%, the annual transaction processing volume exceeds 1 trillion US dollars. In addition, the characteristics of its stablecoin make up for the lack of cryptocurrencies such as Bitcoin. "A disruptive experiment in the blockchain industry". According to Zuckerberg's initial idea, LIBRA will be a stable currency linked to a basket of sovereignty currencies such as the US dollar and the euro, trying to combine Facebook's huge user base with blockchain technology Means and value scale.
In April 2020, the focus was changed from anchoring a basket currency to anchoring a single currency -dollar. At the same time, Zuckerberg officially renamed LIBRA in December 2020 and made various new attempts to do its best to dispel the doubts of the US regulatory agency.
last November, US regulators stated in a report that they were worried that if the huge user network of technology companies suddenly started to trade with new currencies, the existing financial system would be impacted. At the same time, stable coin issuers are also science and technology giants, which "may lead to excessive concentration of economic power." Soon after, David Marcus, one of the co -founders of the META executives and DIEM projects, also chose to leave after seven years of joining the technology giant. From the perspective of market participants, Zuckerberg had previously chosen the "Yuan Universe" track to start a second entrepreneurial business, which may have a lot to do with the obstruction of the issuing plan.
The virtual currency such as Bitcoin encountered regulatory weight pressure
It analysts said that technically, stable currency is essentially a cryptocurrency with the "anchor" attribute, anchoring a certain one Assets under the chain and maintain the same value as them. In order to keep the price stable, the stablecoin can be mortgaged by the assets under the chain (ie mortgage stablecoin), or some algorithms are used to regulate the supply and demand relationship at a specific time point (that is, algorithm stabilization currency). Therefore, the volatility of stable currency can be far below the level of digital currencies such as Bitcoin and Ethereum.
Recently, the price of virtual currencies such as Bitcoin has plummeted. Some markets warn that virtual currency prices will fluctuate violently, because the situation of rigorous supervision review and violent price fluctuations are hitting the virtual currency market. Recently, regulatory agencies in the United Kingdom, Spain and Singapore have hinted that to strengthen the regulations on propagating crypto assets to propagate crypto assets to insufficient experience, the Russian Bank of Russia also proposed to completely ban virtual currencies. The EU's highest financial regulatory agency once again called on Bitcoin mining that ban main models throughout the European Union. THEDéen, vice chairman of the European Securities and Market Administration, warned, "If you do not intervene, a large amount of renewable energy will be used for Bitcoin mining, which will be a kind of irony."
has since since 2021, since 2021, Salvador has been fighting for $ 1.3 billion of the International Monetary Fund (IMF) loan, but negotiations are deeply trapped in the quagmire due to IMF's concerns about Bitcoin, and the IMF Executive Committee urged the government to cancel Bitcoin's issuance as soon as possible.