Facebook's Libra Cryptocurrency Forms Governing Association

The Libra Association, a nonprofit entity, was established to govern the Libra project, with 21 charter members signing on. Despite initial plans for more members, companies like Visa and MasterCard withdrew due to regulatory concerns. Facebook's CEO, Mark Zuckerberg, is set to testify about privacy and financial impacts. Libra's public launch is on hold until regulatory issues are resolved. Once live, users can transact using Facebook services, with transactions recorded on a blockchain. Libra is expected to launch in 2020.

What is the purpose of the Libra Association?

What concerns do lawmakers and regulators have regarding the Libra currency?

What services will users be able to use to send the cryptocurrency?

What technology underlies Libra transactions?

When is Libra scheduled to launch?