Start News EU should check Facebook’s cryptocurrency

EU should check Facebook’s cryptocurrency

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According to a media report, EU competition authorities are investigating possible problems with Facebook’s planned cryptocurrency Libra. There was a concern that these competitors would be locked out in an inadmissible way, reported the Agency Bloomberg yesterday, citing a document available to her.

In addition, a possible integration of Libra with services of the US group such as WhatsApp and Messenger analyzed. Facebook and the European Commission rejected statements. The Internet company had announced in June to introduce the digital money in the first half of 2020. The project has met with skepticism among financial regulators worldwide.