Daily Archives: 15/09/2021

US government reiterates concerns over Diem stablecoin

The rebranding of the Facebook Diem (formerly Libra) project did not impress the US Treasury and other regulators. They still fear that stablecoin is dangerous for the global financial system. Last week, Facebook Blockchain Development Manager David Marcus visited Washington DC and met with regulators. One of the goals of his trip was to educate regulators about the value of Diem stablecoin, how it can help people without access to banking services, and to discuss…

China’s Hebei and Gansu Provinces Will Ban Cryptocurrency Mining

Two more provinces in China, Hebei and Gansu, have joined the cryptocurrency mining ban. Similar restrictions have already been imposed in Xinjiang, Inner Mongolia, Qinghai, Yunnan and Sichuan. Chinese regulators: National Coordination Center for the Development of Computer Network Emergency Technologies, PRC Internet Information Administration, Education and Public Security Departments, Provincial Financial Supervision and Administration Bureaus, and provincial divisions of the People’s Bank of China and the Communications Administration, issued a joint directive on measures…