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

  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 9 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 16 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 20 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 23 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 27 days ago

    • You need to login to comment.