Facebook officially moved forward with its plans
Monday to create a new digital currency called
Libra, despite several high-profile defections
from the project and intense criticism from U.S.
regulators and politicians.
The Libra Association, the nonprofit that
will govern the currency, officially signed
on 21 charter members on Monday at the
organization’s inaugural meeting in Geneva.
Originally the Libra Association had 27
potential members, but several companies
dropped out in recent days, including Visa,
Mastercard and PayPal.