Facebook has faced criticism since the summer when it unveiled plans to create a separate, private currency system. — AP
Facebook is officially moving forward with its digital currency project Libra, despite several high-profile defections from the project and intense criticism from US regulators and politicians.
The Libra Association, the non-profit that will govern the currency, officially signed on 21 charter members on Monday at the organisation'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.
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