Express

London-based FinTech Startup DIEM Is Contemplating Legal Action Against Facebook

Amy Liu

Summary: A London-based FinTech startup by the name of DIEM is contemplating legal action against Diem Association and/or Facebook over the use of the Diem name, according to reporting from European FinTech publication Sifted. Facebook's Libra Association rebranded to Diem Association on December 1. "As a small startup, we are concerned that customer confusion resulting from Libra’s actions will significantly impact our growth,” ...

A London-based FinTech startup by the name of DIEM is contemplating legal action against Diem Association and/or Facebook over the use of the Diem name, according to reporting from European FinTech publication Sifted. Facebook's Libra Association rebranded to Diem Association on December 1. "As a small startup, we are concerned that customer confusion resulting from Libra’s actions will significantly impact our growth,” DIEM founder and CEO Geri Cupi said.

By Amy Liu

Last Update:

Tags: ,,,
Link: London-based FinTech Startup DIEM Is Contemplating Legal Action Against Facebook   [Copy]
Next:

Related Articles

  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 4 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 6 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 8 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 11 days ago
  • Can a $300M RWA Fund Save Avalanche's TVL? 12 days ago

    • You need to login to comment.