The news comes days before the Libra Association, the group that will oversee the digital currency, prepares to convene its members and ask them to sign a charter agreement. A Libra Association spokeswoman said on Friday that the gathering will proceed as planned, and that it would announce the first list of official partners once a formal charter is signed. The cryptocurrency would be run out of Geneva by the organizations that comprised the Libra Association, not solely by Facebook. “We highly respect the vision of the Libra Association; however, eBay has made the decision to not move forward as a founding member," an EBay spokesman wrote in the emailed statement. “We will follow its progress closely and remain open to working with the Libra Association at a later stage."

Source: Mint October 12, 2019 10:41 UTC