Diem struggling to win over officials in Washington despite rebranding efforts

Cointelegraph

Published Sep 10, 2021 02:15PM ET

Updated Sep 11, 2021 05:00PM ET

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

According to The Washington Post on Friday, Diem is facing difficulties smoothening regulatory wrinkles with senior policymakers in the Biden administration.

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