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The Technology 202: Facebook’s scaled-back digital currency ambitions highlight cost of political …

Analysis | The Technology 202: Facebook’s scaled-back digital currency ambitions highlight cost of political scrutiny

A Facebook-backed digital currency project, known as Diem, is moving its primary operations to the United States after withdrawing its application for a Swiss payment license. The project’s backers also announced a partnership with the California-based bank Silvergate Capital, which will issue the coins.