Genesis

Facebook’s whitepaper revealed the Libra Association’s entire operating structure

Quick Take

  • Libra press materials released this morning detailed specific goals and principles for the Libra Association and its Founding Members
  • Facebook also provided insight into other governing bodies within the Libra network, such as the Libra Association Council, the Libra Association Board, the Social Impact Advisory Board, and the Association’s executive team

As The Block continues its comprehensive coverage of Facebook’s stablecoin progression, we explore the operating structure of Libra’s governing body, the Libra Association. In the documents released this morning, Facebook revealed the specific responsibilities and governance mechanisms of the many entities upholding the network.

As previously reported, Facebook’s cryptocurrency, Libra, will be governed by a consortium of firms known as the Libra Association.