Enlarge / With an image of Federal Reserve Bank Chairman Jerome Powell on a screen in the background, Facebook/Meta co-founder and CEO Mark Zuckerberg testifies before the House Financial Services Committee on October 23, 2019, in Washington, DC. (credit: Chip Somodevilla/Getty Images) After years of effort, Meta’s cryptocurrency initiative has collapsed under the weight of regulatory scrutiny. The Diem Association, formerly known as the Libra Association, is considering selling its assets and returning money to investors, according to a Bloomberg report.
Meta’s Cryptocurrency Ploy All But Dead With Libra/diem Seeking To Sell Assets
Tim De Chant, Ars Technica
Wed, 01/26/2022 - 10:03am
Topics: enlarge with federal reserve bank chairman jerome powell facebook/meta ceo mark zuckerberg house financial services committee october washington dc chip somodevilla/getty images meta s the diem association bloomberg mark zuckerberg facebook messenger whatsapp visa mastercard uber lyft spotify andreessen horowitz read comments facebook mark zuckerberg libra sell assets named company project
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