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Diem, the latest iteration of Facebook's ambitious Libra project, had to make multiple concessions to calm the regulators. Chief Economist Christian Catalini explains the evolution.
Central bank digital currencies would largely benefit countries if they work together to eliminate traditional banking frictions, a research note said.
The Libra Association is rebranding itself as Diem to distance itself from the original multi-currency stablecoin vision as it prepares for a possible 2021 launch.