The Libra Association is meeting in Geneva to review a charter and appoint a board of directors.
Facebook deferred to the Libra Association when contacted by CNBC for comment. A spokesperson for the Libra Association was not immediately available.
The libra cryptocurrency would be backed by a basket of currencies like the dollar, and is designed to be used in cross-border payments. But it's been faced with a backlash from global lawmakers and central banks over concerns it could heavily disrupt the financial system. European heavyweights France and Germany last month threatened to block libra from the EU, while U.S. lawmakers grilled David Marcus, the executive leading Facebook's blockchain initiative, back in July. Facebook CEOMeanwhile, central bankers around the world have also issued warnings to Facebook over its digital currency ambitions.
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