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19 September 2021

Diem struggling to win over officials in Washington despite rebranding efforts

Diem struggling to win over officials in Washington despite rebranding efforts


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Facebook’s ambitious digital currency payment project Diem is yet to get off the ground despite concerted attempts to win over financial regulators.

Even with the full weight of Facebook’s significant lobbying power in Washington, the digital currency project is yet to get off the ground.

Diem representatives quoted by The Washington Post say regulators are pleased with some of the design changes made by the project.

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cointelegraph.com
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