Facebook rebranded its blockchain-based Libra currency as Diem after the plan drew scrutiny from financial regulators around the globe. Photo: dpa
Mark Zuckerberg’s Diem cryptocurrency plans unravel as Meta weighs sale amid regulatory pressure
- Meta Platforms is weighing a sale of assets to return capital to investor members after the Federal Reserve indicated it was uneasy with the cryptocurrency plan
- Facebook unveiled Diem as Libra in 2019 with plans to revolutionise global financial services, but it immediately drew regulatory scrutiny
Facebook rebranded its blockchain-based Libra currency as Diem after the plan drew scrutiny from financial regulators around the globe. Photo: dpa
