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Libra Association

Libra Association

Non-profit association overseeing the development of the Libra digital currency ecosystem. Based in Geneva, Switzerland

The Libra Association is an independent, non-profit membership organization overseeing the growth of the Libra digital currency ecosystem. The association members intend to work with policymakers as the Libra ecosystem is developed and operationalized and as regulations adapt to address innovation and other changes in the market.

Association Members

The Founding Members of the Libra Association will each run a validator node in the BFT-based Libra Blockchain. Known members include:

Payments:

Technology and Marketplaces

Telecommunications

Blockchain

Venture Capital

Nonprofit and Multilateral Organizations, and Academic Institutions



Timeline

September 27, 2019

The Libra Association meets with European Union authorities to discuss the opposition voiced by Germany and France.

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News

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Josh Constine
February 26, 2020
TechCrunch
$28 million-funded crypto startup Tagomi will be the newest member of the Libra Association that governs the Facebook-backed Libra stablecoin, TechCrunch has learned. A formal announcement of Tagomi joining was slated for Friday or next week. Tagomi offers a platform that helps large traders and funds easily access cryptocurrency markets. The news comes days after [...]
Isabelle Kirkwood
February 21, 2020
BetaKit
Shopify is the latest company to join Libra Association, Facebook's new cryptocurrency initiative.
Reuters Editorial
February 21, 2020
U.S.
Canadian e-commerce company Shopify Inc said on Friday it would join Libra Association, a group that manages Facebook Inc led efforts to launch a global digital currency, Libra.
Nikhilesh De
January 21, 2020
CoinDesk
Telecom giant Vodafone has left the Libra Association, the eighth company to pull out of the Facebook-led digital currency project since the fall.
Mike Butcher
November 20, 2019
TechCrunch
Kleiner Perkins has joined a $24.5 million Series A funding round for Bison Trails, a provider of blockchain protocols, which was led by Blockchain Capital to develop the firm's infrastructure services. Other participants included Coinbase Ventures, ConsenSys, A Capital, Collaborative Fund and Sound Ventures as new investors. Galaxy Digital and Initialized, as early backers, joined [...]
Kevin Webb
October 23, 2019
Business Insider
Facebook has been leading talks to launch a new cryptocurrency called Libra, but the company could withdraw if US lawmakers don't approve the project.
Adrian Potoroaca
October 22, 2019
TechSpot
Between the privacy scandals and antitrust scrutiny, Facebook is having a hard time convincing regulators that its Libra cryptocurrency is an idea worth putting into practice. Recently, several important backers of the project officially abandoned it, and others are planning...
Gregory Barber
October 15, 2019
Wired
A seventh member exits the body that is supposed to administer Facebook's cryptocurrency, which has set "interim" rules and put together its board.
Russell Brandom
October 14, 2019
The Verge
In Geneva on Monday, the remaining members of the Libra Association held their inaugural meeting, still reeling from the departure of Visa, Mastercard, Stripe, and others.
Colin Lecher
October 14, 2019
The Verge
The news seems to be going from bad to worse for Facebook's cryptocurrency project, as online travel company Booking Holdings has stepped away from the nonprofit Libra Association. As Bloomberg reports, that means seven of Libra's original 28 members have exited the project.
Tom Wilson
October 14, 2019
U.S.
Facebook Inc's Libra cryptocurrency faced a pivotal meeting of backers on Monday, after the ambitious project to bring digital coins into mainstream commerce suffered another defection, from online travel company Booking Holding.
Rob Thubron
October 14, 2019
TechSpot
Back in June, Facebook confirmed long-running rumors by revealing its Libra cryptocurrency and Calibra digital wallet. But within 48 hours of the announcement, Senate officials announced it would be holding a hearing looking into the proposal.
October 11, 2019
Bitcoin News
In the wake of Paypal's very public exit from the Libra project, U.S. lawmakers are now pressuring Stripe, Visa and Mastercard to rethink their membership
Greg Kumparak
October 11, 2019
TechCrunch
Oof -- a week after PayPal announced plans to part ways with Facebook's Libra cryptocurrency project and the related association of the same name, three more names are reportedly breaking away: eBay, Stripe, and Mastercard. In a comment to TechCrunch, a Stripe spokesperson leaves the door open for them to potentially work with Libra in [...]
Russell Brandom
October 9, 2019
The Verge
Sens. Brian Schatz and Sherrod Brown are pressuring members of the Libra Association, Facebook's international blockchain payments project, to reconsider their involvement with the group.
Charlie Wood
October 9, 2019
Business Insider
Two Senate Democrats have reportedly written a letter to the 3 companies to warn them of Libra's risks.
Elise Thomas
October 7, 2019
Wired
Facebook says its cryptocurrency will be managed by an independent group, but an analysis finds more than half of the members have links back to the social media giant.
October 4, 2019
Canadian Business - Your Source For Business News
NEW YORK -- PayPal has pulled out of Facebook's digital currency project, known as Libra, a blow to the social media company that has faced stronger-than-ex
Reuters Editorial
October 4, 2019
U.S.
U.S. payments processor PayPal Holdings announced Friday it was withdrawing from the Libra Association, a Facebook-led effort to build a global digital currency.
Brenna Hughes Neghaiwi
September 27, 2019
U.S.
The Libra Association, due to launch and manage the Facebook-led Libra cryptocurrency, is talking to European Union regulators after opposition from Germany and France, its managing director said at one of his first public appearances on the job.
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