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A comment on Diem – A rebrand of Facebook’s Libra. Parent comment

Re:Diem – A rebrand of Facebook’s Libra by stu2b50 on Sunday December 06, 2020 @11:20AM (#25324439)
If you don't play by the US's rules you can't withdraw in USD.

Which is the only fiat currency Diem supports conversion into right now.

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Re:Diem – A rebrand of Facebook’s Libra by that_guy_iain on Sunday December 06, 2020 @12:14PM (#25324860)
> If you don't play by the US's rules you can't withdraw in USD.

The dollar is traded so much that I don't think they need to actually get dollars from the US to be able to use the dollar. If it's going into banks, yea, but if you're just giving people the notes, you're good to go.

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Re:Diem – A rebrand of Facebook’s Libra by stu2b50 on Monday December 07, 2020 @11:56PM (#25342020)
It's extremely difficult to facilitate USD money movement if you're blacklisted by the US treasury. Just ask Iran. I suppose technically possible (again: ask Iran) but somehow I doubt Facebook is playing that game.
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