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This was the question facing dozens of investors who put their money into a Swiss-based company called Diem. diem swiss us californiabrownecnbc.

Facebook-backed Diem is moving from Switzerland to the US

12 maj 2021 — Diem, the digital currency project backed by Facebook, has abandoned plans to secure a payment license from Switzerland’s FINMA watchdog.

Formerly known as Libra, Facebook’s vision for a digital currency was met with a severe backlash from regulators when it was first announced in June 2019.

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