Meta to wind up its ambitious cryptocurrency project: Report
Updated On: 26 January, 2022 02:38 PM IST | Mumbai | IANS
Originally launched as Libra and later renamed as the Diem Association, the cryptocurrency initiative "is weighing a sale of its assets as a way to return capital to its investor members"
Image for representation: iStock
Facing regulatory hurdles, Meta (formerly Facebook) is reportedly winding up its ambitious yet controversial cryptocurrency project that its CEO Mark Zuckerberg once defended in front of the US Congress.
Originally launched as Libra and later renamed as the Diem Association, the cryptocurrency initiative "is weighing a sale of its assets as a way to return capital to its investor members," Fortune reported on Tuesday, citing people familiar with the matter.
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