About: Diem

Facebook’s crypto project Diem sold after pushback

The Facebook-backed digital currency project Diem announced Monday (31 January) the winding down and $182-million sale of its technology, capping a years-long initiative that drew significant concern from regulators.

Expert: Digital euro ‘not clear yet and might not be for a long time’

As the digital euro moves to the experimentation phase, experts criticise the lack of clarity around the project and the decade long delay compared to cryptocurrencies.

ECB issues stark warning on Big Tech cryptocurrency projects

The European Central Bank (ECB) has issued a stark warning on the involvement of Big Tech firms in cryptocurrency projects, cautioning that such moves could jeopardise privacy, create further risks to competition and even "endanger monetary sovereignty".