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

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. The Block revealed last week the list of firms included in the consortium’s “Founding Members” which consisted of many big-name companies covering a host of industries and geographical backgrounds.