'Novi is ready to come to market,' says David Marcus as Diem's future remains uncertain

David Marcus, the leader of Facebook Financial and Novi, apparently remains confident in Novi's ability to succeed despite more than two years of regulatory hurdles.

In an August 18 blog post, Marcus wrote: "Novi is ready to come to market. It’s regulated, and we’re confident in our operational ability to exceed the high standards of compliance that will be demanded of us."

Novi initially launched as Calibra, a wallet designed for Libra, which now goes by the name Diem. Both faced intense regulatory scrutiny as soon as Facebook announced the project back in June 2019. Diem has yet to officially launch, and the organization backing it moved from Switzerland to the United States.

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