According to Bloomberg , many EU antitrust agencies are concerned that Facebook’s Libra currency may “destroy” rivals, while creating “competitive barriers” related to the use of information and data. user.
In addition, the EU is also investigating the integration of Libra e-wallets into other Facebook services like WhatsApp and Messenger.
The European Commission (EC) sent a questionnaire to groups related to Libra virtual currency proposals. According to Bloomberg , this is the start of an official investigation later.
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| Facebook’s Libra cryptocurrency is expected to be available in early 2020. |
The EC is not the first governing body concerned about Facebook’s virtual money Libra. In July, David Marcus, head of Facebook’s virtual money projects, had to testify at the US House of Financial Services Commission.
Even at the hearing, Congresswoman Carolyn Maloney told Marcus Marcus that Facebook should abandon the Libra project. French and German lawmakers also warned of the risk of Facebook becoming a “dark bank.”
Facebook has said it will not launch the Libra project until it resolves all legal issues surrounding the cryptocurrency.