In 2019, Facebook announced its plan to roll out a new stablecoin called Libra. In 2020, Libra was renamed as Diem. In 2022, after failing to obtain the blessing of the U.S. regulators, Facebook (now called Meta) finally decided to wind down Diem. Please tell us the story of Libra/Diem. What were the major concerns of the U.S. regulators?

In 2019, Facebook announced its plan to roll out a new stablecoin called Libra. In 2020, Libra was renamed as Diem. In 2022, after failing to obtain the blessing of the U.S. regulators, Facebook (now called Meta) finally decided to wind down Diem. Please tell us the story of Libra/Diem. What were the major concerns of the U.S. regulators?

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter13: Antitrust And Regulation

Section: Chapter Questions

Problem 13SQ

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