Facebook Faces Fresh EU Scrutiny As WhatsApp Edges Closer To Mobile Payments

The European Union is actively probing Facebook’s Libra digital currency project for competition law violations, mainstream media report. Facebook’s Libra Has ‘Potential Anti-Competitive Behavior’ According to Bloomberg, which cited official correspondence August 20, the European Commission is quizzing Libra participants via a dedicated questionnaire. The document originally appeared earlier this month, and forms Libra’s latest scrutiny by international regulators. The focus of the enquiries is “investigating potential anti-competitive behavior,” Bloomberg quoted officials are stating. InRead MoreThe post Facebook Faces Fresh EU Scrutiny As WhatsApp Edges Closer To Mobile Payments appeared first on Bitcoinist.com.