Facebook-backed digital currency reboots
Facebook's global digital currency project is abandoning Switzerland as its hoped-for regulatory home and planning to launch a U.S.-based payment system.
Diem Association
The Diem Association was a non-profit organization that governed a proposed digital currency and blockchain network. Formerly known as the Libra Association, the organization was founded by Facebook (now Meta Platforms) and was ultimately dissolved in early 2022 due to significant regulatory opposition.
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Facebook CEO defends plans for a new digital currency and association
U.S. lawmakers grilled Facebook CEO Mark Zuckerberg on his plans for a new cryptocurrency and Swiss-based association.