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May 12, 2021 · Facebook-backed crypto project Diem abandons Swiss license application, will move to the U.S. Published Wed, May 12 2021 4:15 PM EDT Updated Thu, May 13 2021 5:56 AM EDT Ryan Browne @Ryan_Browne_
- 8 min
May 13, 2021 · The Facebook-backed Diem Association is withdrawing its application for a payments system license from the Swiss Financial Markets Authority (Finma) and will move its primary operations to the U.S. from Switzerland, it said Wednesday. The association said its subsidiary, Diem Networks U.S., will instead register as a money services business ...
- Anna Hrushka
May 13, 2021 · Thu, May 13, 2021 · 1 min read. josefkubes via Getty Images. The Facebook-backed Diem Association has revealed its plans to launch a stablecoin backed by the US dollar as it shifts its focus to ...
- Mariella Moon
May 13, 2021 · The Facebook-backed digital currency project formerly known as Libra, says it is shifting operations from Switzerland to the US. Now called Diem, it has withdrawn its Swiss licence application.
May 13, 2021 · A once-ambitious Facebook-backed digital currency project – formerly known as Libra, now called Diem – is shifting operations from Switzerland to the U.S. and said it plans to launch a ...
May 12, 2021 · Digital currency group Diem Association, formerly known as Facebook Inc (FB.O)'s Libra project, plans to launch a U.S. dollar stablecoin as it scales back its global ambitions to focus on the ...
May 13, 2021 · Facebook-backed digital currency project Diem is moving its operations to the US following a decision to withdraw its application for a payments licence in Switzerland. The Facebook-backed digital currency project Diem is to move its operations to the US, following a decision to withdraw its application for a payments licence in Switzerland.
