Diem, Formerly Libra, Withdraws Application in Switzerland to Focus on US Dollar Stablecoin
In a significant twist of events, Diem, formerly Libra, has withdrawn its payment systems application in Switzerland. Diem had submitted an application to Switzerland, a crypto-friendly jurisdiction, in anticipation of launching a global cryptocurrency. The Swiss Financial Market Supervisory Authority (FINMA) said that Diem Networks… Read More
Read more in: Blockchain & Digital Assets, Global, Politics, Legal & Regulation | Tagged diem, facebook, finma, libra, stablecoin, switzerland