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

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 2 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 9 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 11 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 13 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 16 days ago

    • You need to login to comment.