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Facebook’s Libra Cryptocurrency Gets Remaining Partners’ Nod

  • Association’s 21 members officially sign project’s charter
  • Uber, Spotify, Coinbase, Andreessen Horowitz are among signees
Bloomberg business news

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Facebook Inc.’s remaining partners in its digital currency project signed paperwork Monday to officially join the Libra Association, a new governing body that will oversee the social media giant’s proposed global cryptocurrency, Libra.

The association’s 21 founding members -- a group that shrank when numerous notable partners bailed on the project late last week -- signed a formal charter in Geneva on Monday, outlining their commitment to the effort, though the new charter says that members can leave at any time. The group also appointed a board and announced the first few members of its executive leadership team. The association partners, including Uber Technologies Inc., Spotify Technology SA and Coinbase Inc., will work with Facebook to get the new currency off the ground and through regulatory scrutiny.