PayPal pulls out of association for Facebook’s Libra cryptocurrency – CNN

New York (CNN Business) PayPal ( PYPL ) said it will pull out of the governance organization for the Libra cryptocurrency developed by Facebook ( FB ) .
The Libra Association is a group of more than two dozen nonprofits and companies who will be “founding members” of what is planned to be an independent overseer of the cryptocurrency. “PayPal has made the decision to forgo further participation in the Libra Association at this time and to continue to focus on advancing our existing mission and b…

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