New title, outdated issues? Renaming Libra to Diem nonetheless faces challenges

New name, old problems? Renaming Libra to Diem still faces challenges

The rebranding of the Facebook-backed Libra Association in Diem aimed to quell negative perceptions of the project, but its new name hasn’t changed the regulatory pressures the project is still facing.

It has been 18 months since Facebook (NASDAQ 🙂 announced that it is starting its own payment system project that can be integrated into its social media platforms. Interest in the Libra project quickly turned to examespecially from regulators, financial institutions, central banks and major governments.

Read on on Coin Telegraph

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