Antitrust Antitrust

Diem payment service hunts for bank members as it seeks distance from backer Facebook

By Jack Schickler
  • 15 Sep 2021 12:24
  • 15 Sep 2021 12:24
Beleaguered payment service Diem is looking for traditional banks to join up, as it seeks to convince regulators that it has an open and competitive governance model and isn't under the control of Facebook, one of its main backers.

Originally launched as a virtual currency called Libra, the project has become

To view the latest version of this document and thousands of others like it, sign-in to MLex or register for a free trial.

Discover MLex

Stay on top of global regulatory developments

TAKE A FREE TRIAL

Latest News