Today the Libra Association announced a rebrand to Diem Association and revealed a raft of new hires. In a tweet Vice-Chairman Dante Disparte said “Today marks a new day in that journey, a new name, a world-class team and a sharpened vision.”
Last week it was reported that people close to Libra thought the Swiss regulator FINMA’s approval could come in time for a January 2021 launch. We outlined why that seems unlikely given the insistence of the G7 and G20 that appropriate regulations need to be in place first.
However, today’s announcement says that “with the top team now in place, the Diem Association is prioritizing technological and operational readiness for launch.”
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