Libra Blow Speaking of Facebook-unfriendly measures, the governments of the EU are reportedly preparing to announce that they reserve the right to "impede" cryptocurrencies such as the Facebook-helmed Libra. A draft document reads: "Our common objective is to ensure that these initiatives do not undermine our existing financial and monetary order as well as our monetary sovereignty." Politico
It looks like Libra is no more. The project, which at some point was renamed to Diem, doesn't seem to exist anymore - the Diem Asssociation (that's the former Libra Association) is selling off its intellectual and other assets to investment banks and apparently looking new jobs for the IT architects who developed the Diem technology.