Facebook Hit With Threats Of Legal Action Due To The Rebrand Of Libra As ‘Diem’
The report said that Facebook has been hit with threats of legal action due to the rebranding of the Libra stablecoin project to ‘Diem’ from a finance application of the same name. It has been reported that Facebook announced its plan to rebrand Libra on December 1, with the firm claiming the new name would help the revamped project distance itself from the intense regulatory pushback faced by Libra when it was announced last year. However, Chris Adelsbach, the co-founder of