The Libra Association will hold its first board meeting with up to 1,500 participating entities

According to Reuters, Facebook's Libra digital currency project will welcome a key supporter meeting this week, where members will review the charter and appoint a board of directors.

A few days ago, MasterCard, Visa, eBay, Stripe and Mercado Pago announced their withdrawal from the Libra Association, and the Libra project was severely hit.

44

Politicians and regulators from the United States and Europe have stated that Libra may disrupt global financial stability, harm user privacy, and facilitate money laundering.

It is reported that PayPal, the payment giant, was the first to announce its withdrawal from the Libra Association earlier this month. At present, Facebook has lost the support of large payment companies, and its goal is to launch its Libra project in June 2020.

The Libra project leader said this month that they will provide more details after the supporters' meeting, which involved 1,500 entities that showed great interest in the Libra project.

According to the Wall Street Journal report this month, the Libra meeting will be held in Geneva on October 14th, and members will review the charter and appoint a board of directors at the meeting.

A spokesperson for the Libra Association did not immediately respond to questions about the association's meeting.

Last month, France promised to stop Libra from doing business in Europe, the Bank of England said it would set the necessary high threshold before Libra launched, and US Federal Reserve Chairman Powell also hinted that the Libra project will not be able to advance before addressing concerns. .

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Hackers are getting smarter, with the largest number of exchange attacks ever in 2019

Source | bitcoinmagazine Translation | Huohuo Sauce Production | Blockchain Camp (ID: blockchain_camp) Currently, maj...

Blockchain

PAData: FCoin potential victims or more than 2000 people, per capita loss or more than 25 BTC

Analyst | Carol Editor | Bi Tongtong Production | PANews Data Partner | Chain.info On February 17, the FCoin, which w...

Blockchain

Solana Ecosystem Bounces Back from FTX Collapse with a Dash of Resilience and a Pinch of Silver Lining

Solana CEO, Anatoly Yakovenko, discusses the impact of FTX's downfall on Solana's ecosystem startups and projects.

DeFi

Postponed Fraud Trial of Mango Markets Exploiter: A Delayed Showdown

Fashion executive, Avraham Eisenberg, accused of a $116 million fraud at Mango Market, will face trial on April 8, 20...

Blockchain

WIRED Investigating the Mysterious Hacker Incident on the Day of FTX Bankruptcy

Author | Wired Translated | Wu Shuo Blockchain Original Link https//www.wired.com/story/ftx-1-billion-crypto-heist/ w...

Blockchain

Is the 'big boss' of the cryptocurrency world, Binance, starting to decline?

LianGuaiBitpushNews Mary Liu As 2022 comes to a close, it seems that Zhao Changpeng, co-founder and CEO of Binance, ...