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Meta drops crypto project Diem due to regulatory roadblocks

Meta drops crypto project Diem due to regulatory roadblocks

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Fintech
··1 min read

The Meta-funded Diem Association has sold its intellectual property and tech assets to San Diego’s Silvergate Capital in a $182 million deal.

Read the full article at: www.fintechfutures.com

  • John K. White

    John has been in communications since graduating from Creative Communications at Red River College Polytechnic in Winnipeg in 1992. He launched one of Canada's first digital-only local news sites called Winnipeg First in 2007, which led to digital editor postings with the Winnipeg Free Press and Edmonton Journal. In 2012 he joined Bankless Times as managing editor, later becoming president and CEO. He and the Bankless Media co-founders completed a sale and exit in August 2021.

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